Left- and right-leaning thinkers and groups have touted the benefits of basic income. But that doesn’t mean they agree on a policy.
Old ideas for new problems
In 1969 President Richard Nixon, with the help of his chief Urban Affairs Advisor Daniel Patrick Moynihan, sought a creative way to reform welfare. They developed the Family Assistance Plan , which provided an income floor of $1,600 (about $11,000 in today’s dollars) to all poor or unemployed families of four, regardless of working status. While the Nixon administration called the scheme a “negative income tax” a la Milton Friedman rather […]
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