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Milton Friedman - The Negative Income Tax

LibertyPen · interview · Watch on YouTube

Microeconomics & behavioral economicsLabor, work & inequality

What it is

A 1968 Firing Line interview in which Milton Friedman explains the negative income tax, a proposal to replace welfare bureaucracy with direct payments.

Why Hacker News recommends it

The go-to primary source in basic income threads for Friedman's negative income tax idea.

  • 7 people recommended it
  • 6 different months
  • 0 strong recommendations
  • first 2012, last 2022

What HN commenters said

  1. “Rather than explain it here, you can see him summing it up”

    Friedman summing up the negative income tax idea

    tolmasky, 2013-03 · Recommendation · in “Want to Help People? Just Give Them Money”

  2. “This is an interesting discussion about it”

    Discussion of work incentives under a negative income tax

    backprojection, 2013-10 · Recommendation · in “Swiss to vote on 2,500 franc basic income for every adult”

  3. “I think it's brilliant.”

    Friedman's negative tax idea, praised as brilliant

    mbesto, 2013-10 · Recommendation · in “New dutch political party wants € 1,000 basic income for everyone”

  4. “I'd suggest you check out Friedman's original position.”

    Friedman's original negative income tax position

    jfoutz, 2014-08 · Recommendation · in “The New Luddites: What if technological innovation is a job-killer after all?”

  5. “Hear him describe it here”

    Friedman describing negative income tax

    raleighm, 2016-12 · Recommendation · in “Ask YC: Any Updates on the Basic Income Project?”

  6. “This is my inspiration”

    Inspiration for preferring NIT over UBI

    andriesm, 2017-03 · Recommendation · in “Why we should all have a basic income”

  7. “here's a nice intro”

    Nice intro to negative income tax

    tomohawk, 2019-03 · Recommendation · in “What It’s Like to Grow Up with More Money Than You’ll Ever Spend”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: milton friedman, basic income, welfare, firing line, economics

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