
Finland is about to wipe out a bunch of social service programs for the poor, and replace them with a monthly stipend — a Universal Basic Income — for everyone. Believe it or not, Milton Friedman proposed this years ago as, essentially, a “negative income tax.” You might be surprised at my reaction to the plan in Scott Ott Podcast #41. Listen and tell me yours.
Here’s the City Journal story I reference in the podcast.
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