Family
Aug. 16, 2024
Incentivizing work and family values: Dr. Milton Friedman still lives!
Dr. Milton Friedman proposed a "Negative Income Tax" or "Stipend" system to replace the current welfare system - a system that would incentivize people to earn the extra dollar, encourage fathers to live with their children, and reduce the cost and intrusiveness of the current welfare system.
Wouldn't it be great if our welfare system actually encouraged people to roll up their sleeves and earn the extra dollar? Wouldn't it be great if women were not financially encouraged to have more children? And wouldn't it be great if our welfare system actually encouraged fathers to live in the household with their children instead of financially pushing them away? How are these things? Well, today a mother and father who...
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