Monday, February 21, 2011
City Journal: Why Not A Negative Income Tax With Cash Subsidies To The Poor?
What kind of program could help protect every citizen from destitution without granting excessive power to bureaucrats, creating disincentives to work, and clogging up the free-market economy, as the modern welfare state has done? Friedman’s answer was the negative income tax, or NIT.
Read More: City Journal: Why Not a Negative Income Tax?:
Posted by Blog Moderator at Monday, February 21, 2011