LOL, it bothers me that Milton Friedman believes in it (at least from the video I saw) and I don't, but...he assumes that if someone was given a minimum basic income, ALL the agencies that administer, monitor, enforce them would go away as well, saving millions.
Great in theory, but those of us who observe government at work know full well we would see things like:
"...Government sources today have acknowledged that there are shortfalls in the income levels provided by the minimum basic income. Protesters have been marching, demanding a 50% increase so they can afford Internet Access and transportation costs. A new Federal program is being proposed, the Department of Equal Money for Spending (DEMS) that will monitor all programs being formed as adjunct to the Minimum Basic Income..."
As sure as the sun rises in the East.
Yep—as if a state adding a sales tax ever eliminated its income tax.
And I’d argue that it’s not even great in theory. The best incentive is a bunk in a dorm and beans and rice until someone finds a way to make their own life work.
We don’t quite go there overtly, but the farther we get from that the worse the incentive equation.