A proposal to replace or supplement the current social welfare system with a Basic Income Guarantee (proposed by Robert Anton Wilson and various other luminaries, such as Milton Friedman) continues to pop up now and then on the Internet. The latest I ran across was from Matthew Yglesias, the thoughtful economics blogger for Slate. Mr. Yglesias argues that instead of a minimum wage, we should have a guaranteed basic income, paired with an Earned Income Tax Credit. I think he makes an intriguing case.
2 comments:
Yglesias is so prolific I wonder what his method. Often there's five fairly meaty blog-articles on various aspects of economics, all posted within a handful of hours.
The link to his Basic Income article isn't getting me there.
I was trying to link back to an earlier post that referenced one of yours; I think it's fixed.
Yglesias wears me out, and so does Ezra Klein.
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