4 ms·
Milton Friedman did have a proposal for elimination of poverty in the 60’s, but it wasn’t UBI. It was a negative income tax for those below the poverty line [1]
by todd8 7y ago
Milton Friedman did have a proposal for elimination of poverty in the 60’s, but it wasn’t UBI. It was a negative income tax for those below the poverty line [1]. To some extent we have that now in the earned income tax credit.
[1] https://mitsloan.mit.edu/ideas-made-to-matter/negative-income-tax-explained https://mitsloan.mit.edu/ideas-made-to-matter/negative-incom...