Re:How Utah Reduced Chronic Homelessness
by sf_rob on Friday March 17, 2017 @04:04PM
(#13897479)
>the (few) libertarian sources that are considering basic income
While it's not necessarily popular in libertarian circles today, the negative income tax (which is closely related to UBI but not identical) has a long history among libertarian thought leaders. Milton Friedman was a proponent of these policies.
The US already has the Earned Income Tax Credit, so the basic idea of a negative income tax is already in place though highly constrained. I think expanding/modifying that program would be a path of least resistance rather than pushing for independent UBI legislation.
While it's not necessarily popular in libertarian circles today, the negative income tax (which is closely related to UBI but not identical) has a long history among libertarian thought leaders. Milton Friedman was a proponent of these policies.
The US already has the Earned Income Tax Credit, so the basic idea of a negative income tax is already in place though highly constrained. I think expanding/modifying that program would be a path of least resistance rather than pushing for independent UBI legislation.