RE: So you think universal basic income is "free money" or "socialism"? Think again.

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So you think universal basic income is "free money" or "socialism"? Think again.

in basicincome •  7 years ago 

Also known as "negative income tax" by Milton Friedman. He envisioned this as part of an approach to reduce the size and inefficiency of government. You get your basic income but out of which you have to pay for services commonly supplied by the government such as education and healthcare, as well of course welfare support itself.

"Freedom to choose" summed up his philosophy and so did his idea of negative income tax.

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