Friday, 6 May 2016

Why Milton Friedman Supported a Guaranteed Income (5 Reasons)

Why Milton Friedman Supported a Guaranteed Income (5 Reasons)

by Matt Orfalea

Milton Friedman proposed to give everybody free money in his book “Capitalism and Freedom”. He mostly referred to this plan as a negative income tax (and he also referred to it as a guaranteed income because that’s exactly what it is.) But why would Milton Friedman, an outspoken free market capitalist, support giving people money for nothing? Here are 5 reasons backed by Friedman’s own words.

Not everybody is aware that free-market guru Milton Friedman advocated a quite radical social security policy.

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