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Volume 19  Number 4  •  Spring 2015
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One and One-Half Cheers for a Basic-Income Guarantee: We Could Do Worse, and Already Have
By Michael C. Munger
This article appeared in the Spring 2015 issue of The Independent Review

Although it falls well short of the libertarian ideal, would a basic-income guarantee far better than our current social welfare system—and 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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