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Friday, May 23, 2014

Nixon's Guaranteed Minimum Income Proposal Gets New Traction


I wouldn't buy a used car from The Dickster 
but I'd take his National Minimum Income in a heartbeat.

Nixon Proposed - And House Approved - A Guaranteed Minimum Income
http://paxonbothhouses.blogspot.com/2013/11/nixon-proposed-and-house-approved.html

Nixon's National Minimum Income Proposal

Milton Friedman Endorsed National Minimum Income

Reform conservatives' smart safety-net idea -- simply give the poor money. "While the right often overstates the inefficiencies in government, a universal credit, if structured properly, would make the U.S.'s social safety net more effective. A growing body of research finds that the best way to help low-income people is to give them money. They know how they can use it best to improve their living standards....A straight cash transfer, such as a universal credit, would eliminate the need for these transactions and deploy the government's resources more effectively....The biggest hurdle for a universal credit is funding: To fill the holes in the safety net, the government will have to spend more money." Danny Vinik in The New Republic




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