Milton Friedman was a proponent of the negative income tax- a set nominal refund that everyone would get regardless of income class. This was his replacement for welfare as it would not reduce the incentive to work for money at any wage level. In Friedman-fashion, what to use the money on would be completely up to the recipient.
Interested in knowing what people here think about it. I think it is a very intriguing idea. Will share more of my opinion on it as the discussion gets going, should it get going.
Interested in knowing what people here think about it. I think it is a very intriguing idea. Will share more of my opinion on it as the discussion gets going, should it get going.
