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American Enterprise Institute for Public Policy Research. - In our hands: a plan to replace the welfare state

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Imagine that the United States were to scrap all its income transfer programsincluding Social Security, Medicare, and all forms of welfareand give every American age twenty-one and older $10,000 a year for life.This is the Plan, a radical new approach to social policy that defies any partisan label. First laid out by Charles Murray a decade ago, the updated edition reflects economic developments since that time. Murray, who previous books include Losing Ground and The Bell Curve, demonstrates that the Plan is financially feasible and the uses detailed analysis to argue that many goals of the welfare stateelimination of poverty, comfortable retirement for everyone, universal access to healthcarewould be better served under the Plan than under the current system. Murrays goal, shared by Left and Right, is a society in which everyone, including the unluckiest among us, has the opportunity and means to construct a satisfying life. In Our Hands offers a...

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BOARD OF TRUSTEES

TULLY M. FRIEDMAN, Chairman

Chairman and CEO

Friedman Fleischer & Lowe, LLC

DANIEL A. DANIELLO, Vice Chairman

Chairman and Co-Founder

The Carlyle Group

CLIFFORD S. ASNESS

Managing and Founding Principal

AQR Capital Management

GORDON M. BINDER

Managing Director

Coastview Capital, LLC

ARTHUR C. BROOKS

President and Beth and Ravenel Curry Chair in Free Enterprise

American Enterprise Institute

THE HONORABLE RICHARD B. CHENEY

PETER H. COORS

Vice Chairman of the Board

Molson Coors Brewing Company

HARLAN CROW

Chairman and CEO

Crow Holdings

RAVENEL B. CURRY III

Chief Investment Officer

Eagle Capital Management, LLC

ELISABETH (BETSY) DEVOS

JOHN V. FARACI

Chairman

International Paper

CHRISTOPHER B. GALVIN

Chairman

Harrison Street Capital, LLC

RAYMOND V. GILMARTIN

Harvard Business School

HARVEY GOLUB

Chairman and CEO, Retired American Express Company

Chairman, Miller Buckfire

ROBERT F. GREENHILL

Founder and Chairman

Greenhill & Co., Inc.

FRANK J. HANNA

Hanna Capital, LLC

JOHN K. HURLEY

Founder and Managing Partner

Cavalry Asset Management

SETH A. KLARMAN

President and CEO

The Baupost Group, LLC

BRUCE KOVNER

Chairman

Caxton Alternative Management, LP

MARC S. LIPSCHULTZ

Partner

Kohlberg Kravis Roberts

JOHN A. LUKE JR.

Chairman

WestRock Company

The American Enterprise Institute

Founded in 1943, AEI is a nonpartisan, nonprofit research and educational organization based in Washington, DC. The Institute sponsors research, conducts seminars and conferences, and publishes books and periodicals.

AEIs research is carried out under three major programs: Economic Policy Studies, Foreign and Defense Policy Studies, and Social and Political Studies. The resident scholars and fellows listed in these pages are part of a network that also includes adjunct scholars at leading universities throughout the United States and in several foreign countries.

The views expressed in AEI publications are those of the authors and do not necessarily reflect the views of the staff, advisory panels, officers, or trustees.

KEVIN B. ROLLINS

CEO, Retired

Dell, Inc.

MATTHEW K. ROSE

Executive Chairman

BNSF Railway Company

EDWARD B. RUST JR.

Chairman and CEO

State Farm Insurance Companies

D. GIDEON SEARLE

Managing Partner

The Serafin Group, LLC

MEL SEMBLER

Founder and Chairman

The Sembler Company

WILSON H. TAYLOR

Chairman Emeritus

Cigna Corporation

WILLIAM H. WALTON

Managing Member

Rockpoint Group, LLC

MARILYN WARE

Chairman, Retired

American Water Works

EMERITUS TRUSTEES

RICHARD B. MADDEN

ROBERT H. MALOTT

PAUL F. OREFFICE

HENRY WENDT

OFFICERS

ARTHUR C. BROOKS

President and Beth and Ravenel Curry Chair in Free Enterprise

DAVID GERSON

Executive Vice President

JASON BERTSCH

Senior Vice President, Development and Communications

DANIELLE PLETKA

Senior Vice President, Foreign and Defense Policy Studies

TOBY STOCK

Vice President, Development and Academic Programs

RESEARCH STAFF

JOSEPH ANTOS

Wilson H. Taylor Scholar in Health Care and Retirement Policy; Resident Scholar

LEON ARON

Director, Russian Studies; Resident Scholar

MICHAEL AUSLIN

Director of Japan Studies; Resident Scholar

CLAUDE BARFIELD

Resident Scholar

MICHAEL BARONE

Resident Fellow

ROGER BATE

Visiting Scholar

ERIC BELASCO

Visiting Scholar

ANDREW G. BIGGS

Resident Scholar

EDWARD BLUM

Visiting Fellow

DAN BLUMENTHAL

Director, Asian Studies; Resident Fellow

JOHN R. BOLTON

Senior Fellow

KARLYN BOWMAN

Research Coordinator; Senior Fellow

ALEX BRILL

Research Fellow

JAMES C. CAPRETTA

Visiting Fellow

TIMOTHY P. CARNEY

Visiting Fellow

LYNNE V. CHENEY

Senior Fellow

EDWARD CONARD

Visiting Fellow

KEVIN CORINTH

Research Fellow

MAURA CORRIGAN

Visiting Fellow

SADANAND DHUME

Resident Fellow

ROBERT DOAR

Morgridge Fellow in Poverty Studies; Resident Fellow

THOMAS DONNELLY

Codirector, Marilyn Ware Center for Security Studies; Resident Fellow

MACKENZIE EAGLEN

Resident Fellow

NICHOLAS EBERSTADT

Henry Wendt Scholar in Political Economy

JEFFREY EISENACH

Director, Center for Internet, Communications, and Technology Policy; Visiting Scholar

R. RICHARD GEDDES

Visiting Scholar

JAMES K. GLASSMAN

Visiting Fellow

JONAH GOLDBERG

Fellow

SCOTT GOTTLIEB, MD

Resident Fellow

PHIL GRAMM

Visiting Scholar

MARY HABECK

Visiting Scholar

KEVIN A. HASSETT

Director, Economic Policy Studies; State Farm James Q. Wilson Chair in American Politics and Culture

ROBERT B. HELMS

Resident Scholar

FREDERICK M. HESS

Director, Education Policy Studies; Resident Scholar

R. GLENN HUBBARD

Visiting Scholar

WILLIAM INGLEE

Visiting Fellow

BENEDIC IPPOLITO

Research Fellow

FREDERICK W. KAGAN

Director, AEI Critical Threats Project; Christopher DeMuth Chair; Resident Scholar

LEON R. KASS, MD

Madden-Jewett Chair; Resident Scholar

ANDREW P. KELLY

Director, Center on Higher Education Reform; Resident Scholar

PAUL H. KUPIEC

Resident Scholar

JON KYL

Visiting Fellow

DESMOND LACHMAN

Resident Fellow

ADAM LERRICK

Visiting Scholar

PHILLIP LOHAUS

Research Fellow

KIRSTEN MADISON

Deputy Director, Foreign and Defense Policy Studies; Resident Fellow

NAT MALKUS

Research Fellow

APARNA MATHUR

Resident Scholar

MATT MAYER

Visiting Fellow

MICHAEL MAZZA

Research Fellow

J. MATTHEW MCINNIS

Resident Fellow

LARRY MEAD

Visiting Scholar

THOMAS P. MILLER

Resident Fellow

CHARLES MURRAY

W. H. Brady Scholar

ROGER F. NORIEGA

Fellow

STEPHEN D. OLINER

Codirector, AEIs International Center on Housing Finance; Resident Scholar

NORMAN J. ORNSTEIN

Resident Scholar

MARK J. PERRY

Scholar

JAMES PETHOKOUKIS

Editor, AEIdeas Blog; DeWitt Wallace Fellow

TOMAS PHILIPSON

Visiting Scholar

EDWARD J. PINTO

Codirector, AEIs International Center on Housing Finance; Resident Fellow

RAMESH PONNURU

Visiting Fellow

ANGELA RACHIDI

Research Fellow

VINCENT R. REINHART

Visiting Scholar

GERARD ROBINSON

Resident Fellow

DALIBOR ROHAC

Research Fellow

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