"I propose a new approach that will make it more attractive to go to work than to go on welfare, and will establish a nationwide minimum payment to dependent families with children. I propose that the Federal government pay a basic income to those American families who cannot care for themselves in whichever State they live. ... I propose that we make available an addition to the incomes of the "working poor," to encourage them to go on working, and to eliminate the possibility of making more from welfare than from wages. We could adopt a "guaranteed minimum income for everyone", which would appear to wipe out poverty overnight. It would also wipe out the basic economic motivation for work, and place an enormous strain on the industrious to pay for the leisure of the lazy. Or, we could adopt a totally new approach to welfare, designed to assist those left far behind the national norm, and provide all with the motivation to work and a fair share of the opportunity to train."
January 1, 1970