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People tend to ignore the fact that both Milton Friedman, and Friedrich Hayek both supported a negative income tax/basic income guarantee.

• yummyfajitas 15y ago
  Did they support it relative to all alternatives (i.e., relative to pure capitalism)? I've certainly read statements by Friedman supporting basic income/negative income tax as a more efficient alternative to the existing welfare state. But do you have a citation for Friedman/Hayek supporting it in general?
  • roel_v 15y ago
    No he doesn't, because there isn't one, and your interpretation is correct.
  • learc83 15y ago
    Yes, you're correct. I should have worded that as supported over our current system.