Re:This is why I don't give you a job
by learc83 on Saturday January 07, 2012 @12:49PM
(#3437531)
People tend to ignore the fact that both Milton Friedman, and Friedrich Hayek both supported a negative income tax/basic income guarantee.
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Re:This is why I don't give you a job
by yummyfajitas on Saturday January 07, 2012 @01:31PM
(#3437660)
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?
Yes, you're correct. I should have worded that as supported over our current system.