Good New Idea
John Lanchester: Universal Basic Income, 18 July 2019
“... a floor below which nobody need fall even when he is unable to provide for himself’. Milton Friedman took on this idea in the form of a Negative Income Tax (NIT), one of the many subspecies of UBI. The government sets a minimum income figure: over that number, you pay taxes to the state; below it, the state tops up your income, gradually tapering the ... ”