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todd8
on Feb 21, 2020
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Suspicious Discontinuities
Milton Friedman did have a proposal for elimination of poverty in the 60’s, but it wasn’t UBI. It was a negative income tax for those below the poverty line [1]. To some extent we have that now in the
earned income tax credit
.
[1]
https://mitsloan.mit.edu/ideas-made-to-matter/negative-incom...
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[1] https://mitsloan.mit.edu/ideas-made-to-matter/negative-incom...