“I think we would be wiser, and more truly charitable, and do both them and ourselves more good, to tell them to use it to buy what they will,” Friedman added. “If we want to say we’ll give you money only if you use it to buy toothpaste and not for anything else, that’s our right but I think we are very unwise to exercise it.” “I agree that as a moral principle those of us who are paying taxes to provide subsidies for others have every moral right to say what it shall be used for.” Friedman said in an interview. That's why I made… Friedman Thought UBI Gave People More FreedomĪlthough Milton Friedan was a staunch economic conservative to despised big government and social programs, he thought a minimum income gave citizens the freedom to choose where they spent their money, rather than allowing several government-controlled welfare programs to make that choice for the individual. While NIT and Universal Basic Income (UBI) are both guaranteed minimum incomes, the difference is a UBI goes to everyone automatically, while a NIT is distributed based on income. Milton Friedman on Guaranteed Income / Negative Income Tax / Basic Income Why Milton Friedman Supported Guaranteed Income | 5 Reasons Milton Friedman supported a guaranteed minimum income with a Negative Income Tax (NIT). Writer and video producer Matt Orfalea put together several reasons why Friedman was such an advocate of UBI.
Yang even points to the state of Alaska as a success story of basic income.Īnother major American figure Yang points to as a supporter of UBI is conservative and libertarian economist Milton Friedman. Some of those figures include Martin Luther King Jr. When asked about the legitimacy of UBI, Yang points to major political and economic figures in American history who were advocates of Universal Basic Income. “Andrew would implement a Universal Basic Income, ‘the Freedom Dividend,’ of $1,000/month, $12,000 a year for every American adult over the age of 18,” Yang’s campaign website reads. He calls the proposal the Freedom Dividend. Yang’s main policy proposal is to provide every American citizen who wants it a Universal Basic Income (UBI) of $1,000 dollars a month. Milton Friedman, recipient of the 1976 Nobel Prize.Ģ020 Presidential candidate Andrew Yang will take the stage tonight for a chance to officially solidify himself as an outside threat in the 2020 Democratic primary.
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