Milton Friedman, the noted libertarian and rather conservative economist, wrote about this topic in the 1960’s. It actually had a lot of support from the left and the right. Here is a link to what he called “negative income tax” as a solution:
A negative income tax is pretty much as good as it gets if your economy is so messed up it needs micromanaging everywhere which is the case for every modern economy.
I will take the bandaid while fully understanding its flaws and tradeoffs until we become sane and make it redundant.
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Milton Friedman, the noted libertarian and rather conservative economist, wrote about this topic in the 1960’s. It actually had a lot of support from the left and the right. Here is a link to what he called “negative income tax” as a solution:
https://mitsloan.mit.edu/ideas-made-to-matter/negative-incom...
A negative income tax is pretty much as good as it gets if your economy is so messed up it needs micromanaging everywhere which is the case for every modern economy.
I will take the bandaid while fully understanding its flaws and tradeoffs until we become sane and make it redundant.