4 ms·

>Shockingly enough, a UBI has been a libertarian concept for nearly half a century. Can you recommend any reading on this?

morgante 10y ago
Milton Friedman famously advocated a negative income tax. [0] [0] http://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/ http://www.theatlantic.com/politics/archive/2014/08/why-aren...
- brianwawok 10y ago
  We have a negative income tax through EIC. It's too small to matter though.
  - tuna-piano 10y ago
    Also worth noting, Milton Friedman advocated that in lieu of other poverty programs, because it gets rid of bureaucracy, leaves an incentive to work, and is less parent-like than existing methods. The EIC is on top of the programs Friedman wanted to replace.
  - merpnderp 10y ago
    It's not too small to matter. For the worst case scenario of a mother of 3+ who's working several part time jobs, it pays on average around $7K. In most of the country that is rent for a year. And since someone getting an EIC is likely in government housing as they'll qualify for it, it could then be groceries for a year. Only as they qualify for EIC, they are likely on SNAP, and this money is somewhat freed up for things besides food and housing. So for many it is too small to matter either because they don't have dependents, don't work enough, or work too much. But it's actually a near damned perfect incentive to keep people working and trying to find better jobs while keeping them out of abject poverty. Likely the best anti-poverty tool the US government has blindly stumbled upon ever.
merpnderp 10y ago
Professor Zwolinksy of the University of Sand Diego had a good paper on it a few years ago. Covers the history and differing ideas and their drawbacks. Neat to think about, but would take a miracle for most people to take seriously. http://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragmatic-libertarian-case-basic-income-guarantee http://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragma...
- Pinckney 10y ago
  Thanks.

morgante 10y ago

Milton Friedman famously advocated a negative income tax. [0] [0] http://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/ http://www.theatlantic.com/politics/archive/2014/08/why-aren...

brianwawok 10y ago
We have a negative income tax through EIC. It's too small to matter though.
- tuna-piano 10y ago
  Also worth noting, Milton Friedman advocated that in lieu of other poverty programs, because it gets rid of bureaucracy, leaves an incentive to work, and is less parent-like than existing methods. The EIC is on top of the programs Friedman wanted to replace.
- merpnderp 10y ago
  It's not too small to matter. For the worst case scenario of a mother of 3+ who's working several part time jobs, it pays on average around $7K. In most of the country that is rent for a year. And since someone getting an EIC is likely in government housing as they'll qualify for it, it could then be groceries for a year. Only as they qualify for EIC, they are likely on SNAP, and this money is somewhat freed up for things besides food and housing. So for many it is too small to matter either because they don't have dependents, don't work enough, or work too much. But it's actually a near damned perfect incentive to keep people working and trying to find better jobs while keeping them out of abject poverty. Likely the best anti-poverty tool the US government has blindly stumbled upon ever.

merpnderp 10y ago

Professor Zwolinksy of the University of Sand Diego had a good paper on it a few years ago. Covers the history and differing ideas and their drawbacks. Neat to think about, but would take a miracle for most people to take seriously. http://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragmatic-libertarian-case-basic-income-guarantee http://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragma...

Pinckney 10y ago
Thanks.