I first heard of NIT from William F Buckley on his show. As a liberal, I thought he must have gone off his trolley. Later on I think I heard Milton Friedman had proposed it. More recently, I read Theodore Herzl proposed something like NIT in his book,"The Jewish State". It struck me as a very perceptive idea.
Could a "Negative Income Tax" help to relieve Capitalism's chronic problem?
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