I've been thinking about this proposal for quite a few years, and wrote a blog post explaining how this kind of negative income tax actually reduces distortion of free markets by separating personal risk from income risk.
I think the reason it keeps coming up here is because the ability to do this is particularly relevant to entrepreneurs. Unfortunately, it didn't get much interest when I posted it here, but hopefully some folks will find it interesting enough to more seriously consider this.
It is not welfare, it is not socialism. It frees people to be rational actors in a capitalist society.
I think the reason it keeps coming up here is because the ability to do this is particularly relevant to entrepreneurs. Unfortunately, it didn't get much interest when I posted it here, but hopefully some folks will find it interesting enough to more seriously consider this.
It is not welfare, it is not socialism. It frees people to be rational actors in a capitalist society.
http://neltnerb.tumblr.com/post/58818804903/an-entrepreneurs...