"I favor the negative income tax because it would be vastly superior to our present guaranteed annual income. It would cost much less, give more help to the truly poor, avoid interference with personal freedom, preserve some incentives to work, and drastically reduce the present bureaucracy."
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Original Language: English
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Sources
Milton Friedman, "The Case for the Negative Income Tax", National Review (7 March 1967)
https://en.wikiquote.org/wiki/Negative_income_tax
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Negative income tax
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