This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

Negative marginal progressive income tax in lieu of minimum wage, unemployment compensation and welfare

Created by M.N. on March 21, 2013

Our Country's unemployment has been high for several years, especially when you include discouraged workers. Our unemployment is highest among teenagers and the unskilled labor force. This unemployment rate is exasperated by the rules and incentives built into our laws.

This noble prize winning economist (Milton Friedman) describes our laws and his idea on the Negative Income Tax.

http://www.youtube.com/watch?v=xtpgkX588nM

Milton Friedman’s idea is far better than the system we currently have in place. By replacing welfare, minimum wage, unemployment compensation, and other social programs with a negative income tax we will provide better incentives to work (even at low wages). We will also have less administrative waste while still providing a safety net for people in distress.

Budget & Taxes
Economy & Jobs
Return to top