NIT vs. UBI vs. Job Guarantee

The free market creates prosperity.

It makes things cheaper and better.

But some people can’t even afford “cheap” so in the richest country in human history should We the People just let struggling individuals go without basic necessities like food, healthcare, and housing?

If your answer is “yes” well then most voters have thus far disagreed with you whereby since the New Deal, no matter who’s been in office, the welfare state has only ever grown, therefore, for better or worse, Americans will not accept “yes” as an answer so then the question becomes, “What’s the best way to provide basic necessities?”

The answer has thus far been to make them free for those who can’t afford them.

But I think rather than a hodgepodge of anti-poverty programs, which just exacerbate poverty, we should eliminate poverty itself!

The poverty line is about $12K per year so let’s guarantee people can get that amount…

NIT

Milton Friedman supported a Negative Income Tax (NIT), which is where “earners above a certain level pay money to the state while earners below it receive money.”

If Person A has an income of $50K and Person B has an income of $10K then if the break-even income was $24K with a 50% NIT then…