Milton Friedman Universal Basic Income | Negative Income Tax

1968 interview


In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration. Audience Question: What do you think about instituting a negative income tax instead of a universal basic income? -On the Bonus Show: Private space companies surpass NASA, drones can deliver. In this video I explain what a universal basic income is and whether or not its a good idea. In recent times a UBI has been discussed by Mark Zuckerberg, Elon Musk a man called Rutgar Bregman.