> Public assistance? Like UBI? I think it's important that to whatever extent we decide that some people need assistance, that we do it in a way that doesn't h

> Public assistance? Like UBI? I think it's important that to whatever extent we decide that some people need assistance, that we do it in a way that doesn't have a cliff and preferably doesn't have any phase-out at all, for the reasons I described. Yes, the assistance is still economically distortive, but less so than otherwise. Everyone still has an incentive to increase their income and economic output. This idea came to me from none other than Milton Friedman, in the form of the negative income tax.