Martin Luther King on “Guaranteed Income” (1967)

Re:Martin Luther King on “Guaranteed Income” (1967) by ftrflyr on Sunday November 13, 2016 @02:39PM (#12945192)

Take a look at Milton Friedman's thoughts as well. I believe MLK's stance was largely influenced from what he knew about Negative Income Tax. https://www.youtube.com/watch?v=xtpgkX588nM

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Re:Martin Luther King on “Guaranteed Income” (1967) by nathcd on Sunday November 13, 2016 @02:54PM (#12945269)

I'm surprised I don't see negative income tax brought up in more basic income discussions. A NIT with a flat tax[1] has always seemed to me to be a really pragmatic way to implement a basic income.

[1] https://en.wikipedia.org/wiki/Negative_income_tax#Flat_tax_w...

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Re:Martin Luther King on “Guaranteed Income” (1967) by cpleppert on Sunday November 13, 2016 @04:49PM (#12945854)

A negative income tax has the same issues as a basic income. It isn't remotely affordable based on the current tax rates without large cuts to social spending and/or eliminating it entirely.

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