Although it falls well short of the libertarian ideal, would a basic-income guarantee far better than our current social welfare systemand cost much less? Replacing the existing array of subsidies, transfers, in-kind payments, and set-asides with a government-guaranteed basic income implemented through a negative income tax would save tax dollars, put more money in people's hands, and increase the recipients' liberty and autonomy.
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|Other Independent Review articles by Michael C. Munger|
|Spring 2018||Private Government|
|Winter 2018||On the Origins and Goals of Public Choice|
|Winter 2018||Overlooked Costs of War-Related Public Research|
|[View All (30)]|