richardhutnik on 09 August 2011
| Viper1 said: Richard, the Negative Income Tax was simply Friedman's proposal as a means to replace the current minimum wage and welfare programs. He'd prefer absolutely no income tax at all but if a welfare of some kind had to be installed, that was his solution for it. Doesn't mean it's what he actually wanted overall. AS for Hayek, I just read most of the chapter that Wikipedia suggests is the source for his support for Basic Income Guarantee and I can't find any support for that in there at all. |
Friendman had proposed a flat tax combined with a negative income tax for those who are poor, as a replacement for the current system. Of course, ideally, he wouldn't want taxes, but did say he did like some taxes, like the taxes on gas to pay for the roads (and property tax):
http://www.wealthandwant.com/themes/Friedman.html
And regarding Hayek:
http://www.fff.org/freedom/0994e.asp
Does he support a guaranteed minimum income? Hayek: "I have always said that I am in favor of a minimum income for every person in the country."
In the Wikipedia entry I listed, that is in the footnotes at the bottom of the page.
