Micah Erfan
@micaherfan·50.7K subscribers·998 videos
Negative Income Tax (NIT) Explained - (The Answer to Welfare) - Milton Friedman
Posted
December 23, 2021
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4:54Now PlayingCorrection at 0:26: Juliet Rhys-Williams was born in 1898 and died in 1964, apologies.
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Negative Income Tax, best transition mechanism to get us out of the welfare mess and give more freedom to more people. We spend more taxpayer money on Welfare than Social Security, Medicare, or Defense, yet we have increasing levels of poverty, have you asked yourself why? This video also explain the difference between Negative Income Tax and Universal Basic Income
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