Why Milton Friedman Supported a Guaranteed Income (2015)
The idea of a negative income tax is one that is new to me, but very interesting. I&#x27;m curious as to how it works for those who don&#x27;t have jobs, though, which is arguably what something like welfare benefits was designed to address. Do those without jobs receive money, or nothing at all?<p>As I understand it, NIT is designed to supplement the income of those earning below a certain level (perhaps falling prey to the &quot;lack of incentive&quot; argument that propertarians like to use), but can it supplement no income at all? And if not, doesn&#x27;t NIT therefore serve a different purpose to the welfare benefit system?<p>It would be nice if someone could correct me on this; I tend to disagree with Friedman on most topics, but this seems like a rather good idea. I&#x27;ve read that it was proposed by the US Green Party, too.