Deacon923
Scooter Banks
This concept is getting a little play in some corners of the GOP/Libertarian world right now.
http://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/
http://www.theatlantic.com/politics/archive/2014/07/the-key-for-conservative-anti-poverty-plans-keep-it-simple/375392/
I think the chances of such a wide-reaching reform ever happening in the current political environment are essentially zero, but thought it might be fun to discuss here.
The concept was supported by such conservative icons as William F. Buckley, Freidrich Hayek, and Milton Friedman, and Nixon tried to implement it. The concept would be to wipe out all the myriad forms of means-tested aid run by a sprawling, paternalistic bureaucracy, and simply provide a cash grant to all Americans to spend as they wish. One thing the articles above miss is they don't go far enough - they only talk about a Federal overhaul. If you were to include all the means-tested programs run by states and cities, the amount spent on poverty relief is more than enough to pay every poor American an annual amount equal to the poverty line. Wiping out all of that and replacing it with a simple grant would do wonders for the economy (and put a whole bunch of bureaucrats out of work).
http://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/
http://www.theatlantic.com/politics/archive/2014/07/the-key-for-conservative-anti-poverty-plans-keep-it-simple/375392/
I think the chances of such a wide-reaching reform ever happening in the current political environment are essentially zero, but thought it might be fun to discuss here.
The concept was supported by such conservative icons as William F. Buckley, Freidrich Hayek, and Milton Friedman, and Nixon tried to implement it. The concept would be to wipe out all the myriad forms of means-tested aid run by a sprawling, paternalistic bureaucracy, and simply provide a cash grant to all Americans to spend as they wish. One thing the articles above miss is they don't go far enough - they only talk about a Federal overhaul. If you were to include all the means-tested programs run by states and cities, the amount spent on poverty relief is more than enough to pay every poor American an annual amount equal to the poverty line. Wiping out all of that and replacing it with a simple grant would do wonders for the economy (and put a whole bunch of bureaucrats out of work).