"Nixon's Guaranteed Income Proposal"
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Rethinking the idea of a basic income for all. "In 1978, the negative income tax received a critical blow when reports from the government experiments came in and showed that the impact on work effort was more severe than had been anticipated, with work hours by those receiving government grants falling sharply...[I]t is worth remembering that we already have considerable experience with the basic income payment in Alaska. Since 1976, it has had a permanent fund to collect revenues from oil production and invest them, paying out an annual dividend to all state residents." Bruce Bartlett in The New York Times
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