I am not Peter Thiel and I think welfare is horrendous and should not exist, nor should any form of welfare like system. Welfare is what keeps people down, lulls them into the sense of entitlement, that somebody else must work to keep them living.
WHY?
Why should anybody be forced by the (very visible and well armed) hand of government to pay for other people's consumption? Actually my argument is based not only around economics, but most importantly around immorality of slavery, which is what welfare recipients get in the system that they vote for: slaves.
Anybody who is forced by the well armed hand of government to pay any taxes (or when money is borrowed, so future taxes, or when money is printed, so the inflation tax) to support consumption of anybody is a slave of the system and I am completely and 100% against slavery.
Slavery is when your property and/or labour is forcibly taken away from you and given to anybody else. If you charitably provide somebody with money they need to survive, that is great, your life and your choice. Income based taxes, borrowing that causes future growth of taxes, inflation (money printing) is all a form of slavery, which is why I am against any government maintained welfare state.
I am completely and consistently against any form of slavery and basically initiation of force by any government organisation. Of-course I am against slavery and initiation of force by anybody, however it is the government initiation of force that is the most immoral of all, since it is the 'law of the land', so to speak, so you can be born into a system that prearranged your slavery within it.