4 ms·

The idea of a negative income tax is one that is new to me, but very interesting. I'm curious as to how it works for those who don't have jobs, though, which is

by ue_ 9y ago

The idea of a negative income tax is one that is new to me, but very interesting. I'm curious as to how it works for those who don't have jobs, though, which is arguably what something like welfare benefits was designed to address. Do those without jobs receive money, or nothing at all? As I understand it, NIT is designed to supplement the income of those earning below a certain level (perhaps falling prey to the "lack of incentive" argument that propertarians like to use), but can it supplement no income at all? And if not, doesn't NIT therefore serve a different purpose to the welfare benefit system? It would be nice if someone could correct me on this; I tend to disagree with Friedman on most topics, but this seems like a rather good idea. I've read that it was proposed by the US Green Party, too.

narak 9y ago
Highly recommend watching this to get answers from the man himself: https://youtube.com/watch?v=xtpgkX588nM https://youtube.com/watch?v=xtpgkX588nM
- ue_ 9y ago
  I watched it, and I learned that his answer is that such people who do not work would have their income (of $0) supplemented. Although I am not really in favour of the free market, or capitalism in general, this does seem like a fairer system.
  - cryptonector 9y ago
    Serious question: what would you replace the free market with? Near as I can tell capitalism is not like Marism and friends in this respect: capitalism wasn't some guy's idea that then got forced on the rest of us by governments. No, capitalism appears to be an emergent phenomenon, emerging when people are given a high enough degree of freedom. If that's the case (and I think it clearly is), then what do capitalism's antagonists propose to do with the freedom whence it comes? You might reject the premise, in which case please explain. Or you might reject freedom, which is what capitalism's antagonists generally do when given the chance. What am I missing?
    - ue_ 9y ago
      >capitalism wasn't some guy's idea that then got forced on the rest of us by governments Marx has interesting words to say about that.[0] >given a high enough degree of freedom Except for the freedom from having to sell labour-power for a wage in order to receive means of sustenance at a rate below the value you create? Sure. You also get the freedom to choose between which capitalist you work for. Now that's what I call freedom. (I'm being facetious :)) >is not like Marism and friends in this respect It's worth noting that Marx's own vision of Communism is not that of one that is forced, but rather one that comes naturally from history, it is a stage of development like any other. By the time capitalism has reached the end of its life, there will be no need for force, other than to overthrow those owners of capital, and to return that capital to the people who gave them value - the workers. That said, Marx and Engels did specify a governmental policy program for revolution, that is, to enact policy either by revolution or within the current state apparatus (bourgeois democracy), to the point where the state must wither away. The free market has its origin in capitalism, or by extension the pre-capitalist class systems, and with the end of what capitalism requires (the class system, owners of property) so will end the need for the free market. The Hegelian Marxists use dialectical historical materialism to show that (though I don't know enough myself). The freedom I talk about is much beyond what is available now, it is the freedom afforded only by Socialism, as Oscar Wilde noted, which many people do not have today. His words from the 19th century ring as true today as they did then. "Now and then, in the course of the century, a great man of science, like Darwin; a great poet, like Keats; a fine critical spirit, like M. Renan; a supreme artist, like Flaubert, has been able to isolate himself, to keep himself out of reach of the clamorous claims of others, to stand ‘under the shelter of the wall,’ as Plato puts it, and so to realise the perfection of what was in him, to his own incomparable gain, and to the incomparable and lasting gain of the whole world. These, however, are exceptions. The majority of people spoil their lives by an unhealthy and exaggerated altruism – are forced, indeed, so to spoil them. They find themselves surrounded by hideous poverty, by hideous ugliness, by hideous starvation. It is inevitable that they should be strongly moved by all this."[1] [0] https://www.marxists.org/archive/marx/works/1867-c1/ch31.htm https://www.marxists.org/archive/marx/works/1867-c1/ch31.htm [1] https://www.marxists.org/reference/archive/wilde-oscar/soul-man/ https://www.marxists.org/reference/archive/wilde-oscar/soul-...

by ue_ 9y ago

narak 9y ago

Highly recommend watching this to get answers from the man himself: https://youtube.com/watch?v=xtpgkX588nM https://youtube.com/watch?v=xtpgkX588nM

ue_ 9y ago
I watched it, and I learned that his answer is that such people who do not work would have their income (of $0) supplemented. Although I am not really in favour of the free market, or capitalism in general, this does seem like a fairer system.
- cryptonector 9y ago
  Serious question: what would you replace the free market with? Near as I can tell capitalism is not like Marism and friends in this respect: capitalism wasn't some guy's idea that then got forced on the rest of us by governments. No, capitalism appears to be an emergent phenomenon, emerging when people are given a high enough degree of freedom. If that's the case (and I think it clearly is), then what do capitalism's antagonists propose to do with the freedom whence it comes? You might reject the premise, in which case please explain. Or you might reject freedom, which is what capitalism's antagonists generally do when given the chance. What am I missing?
  - ue_ 9y ago
    >capitalism wasn't some guy's idea that then got forced on the rest of us by governments Marx has interesting words to say about that.[0] >given a high enough degree of freedom Except for the freedom from having to sell labour-power for a wage in order to receive means of sustenance at a rate below the value you create? Sure. You also get the freedom to choose between which capitalist you work for. Now that's what I call freedom. (I'm being facetious :)) >is not like Marism and friends in this respect It's worth noting that Marx's own vision of Communism is not that of one that is forced, but rather one that comes naturally from history, it is a stage of development like any other. By the time capitalism has reached the end of its life, there will be no need for force, other than to overthrow those owners of capital, and to return that capital to the people who gave them value - the workers. That said, Marx and Engels did specify a governmental policy program for revolution, that is, to enact policy either by revolution or within the current state apparatus (bourgeois democracy), to the point where the state must wither away. The free market has its origin in capitalism, or by extension the pre-capitalist class systems, and with the end of what capitalism requires (the class system, owners of property) so will end the need for the free market. The Hegelian Marxists use dialectical historical materialism to show that (though I don't know enough myself). The freedom I talk about is much beyond what is available now, it is the freedom afforded only by Socialism, as Oscar Wilde noted, which many people do not have today. His words from the 19th century ring as true today as they did then. "Now and then, in the course of the century, a great man of science, like Darwin; a great poet, like Keats; a fine critical spirit, like M. Renan; a supreme artist, like Flaubert, has been able to isolate himself, to keep himself out of reach of the clamorous claims of others, to stand ‘under the shelter of the wall,’ as Plato puts it, and so to realise the perfection of what was in him, to his own incomparable gain, and to the incomparable and lasting gain of the whole world. These, however, are exceptions. The majority of people spoil their lives by an unhealthy and exaggerated altruism – are forced, indeed, so to spoil them. They find themselves surrounded by hideous poverty, by hideous ugliness, by hideous starvation. It is inevitable that they should be strongly moved by all this."[1] [0] https://www.marxists.org/archive/marx/works/1867-c1/ch31.htm https://www.marxists.org/archive/marx/works/1867-c1/ch31.htm [1] https://www.marxists.org/reference/archive/wilde-oscar/soul-man/ https://www.marxists.org/reference/archive/wilde-oscar/soul-...