Wow. We agree on two somethings.
The income from capital is legitimate. The income from mere government handout dicated by some political fiat in general is not, and is certainly nothing like as legitimate as the income from capital. Check, props 1 and 2 already agreed.
Next notice that when a man receives a check from the US treasury in payment of interest on a government bond, he is receiving a legitimate income from a capital that he provided.
Next notice that when a man receives a check from the US treasury in payment of nothing in particular, as a middle class entitlement, he isn't.
Why is it then, that everyone on the planet appears to view the former as a "waste", we "got nothing for it", while the second is just peachy, the birthright of all Americans if not all modern citizens of the entire "welfare state" west?
Not to put too fine a point on it, by why is a social security check a sacred obligation, but interest on the national debt a horrible waste of resources? The second is superior to the former in law, in policy, and we've just agreed, in moral principle. (It is also cheaper, but that is another matter).
Yes? Are we still on the same page or not?