Negative Income Tax is Not Cheaper Than Universal Basic Income, Nor is Guaranteed Income More Progressive by Excluding the Rich
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Foreword to Civilization is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Many people don't know this, but Milton Friedman was once asked in the Spring of 2000 what he thought about a universal basic income (UBI) in comparison to his proposed negative income tax (NIT) and this was his response:
Negative Income Tax is Not Cheaper Than Universal Basic Income, Nor is Guaranteed Income More Progressive by Excluding the Rich
Negative Income Tax is Not Cheaper Than…
Negative Income Tax is Not Cheaper Than Universal Basic Income, Nor is Guaranteed Income More Progressive by Excluding the Rich
Foreword to Civilization is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Many people don't know this, but Milton Friedman was once asked in the Spring of 2000 what he thought about a universal basic income (UBI) in comparison to his proposed negative income tax (NIT) and this was his response: