So you bring in a sort of negative income tax.
Some critics argue that social insurance benefits should be replaced by a negative income tax.
Most strikingly, Friedman proposed a "negative income tax" to eliminate poverty.
Some argue that personal tax allowances, a citizen's income and a negative income tax offer better solutions.
In addition, we could expand the earned-income tax credit, which acts like a negative income tax.
Such inequality should be reduced through a higher minimum wage, less regressive payroll taxes and negative income taxes.
One of those Chicagoans, Milton Friedman, an adviser to Goldwater, devised a model for a negative income tax.
In the 1980s, for example, 40% of countries with a per-capita income below $10,000 saw negative income growth.
In 1962, Friedman proposed a "negative income tax", whereby people earning below a certain threshold would receive supplemental income from the government, rather than paying taxes to it.
What is the potential of ideas such as a universal basic income or a negative income tax, long discussed by economists, mostly beyond the ken of politicians?
Brynjolfsson and McAfee prefer the idea of a negative income tax; this would provide the unemployed with a minimal living and the underemployed with additional cash.
