Universal Basic Income (UBI), aka Guaranteed Income

Economy
1

Replace all welfare programs with UBI, as suggested by
Milton Friedman in Capitalism and Freedom

This would result in some immediate benefits:

  1. Reduction of government: no overhead/employees to check for welfare qualification
  2. Reduction of poverty: bare-minimum required to survive is available to all citizens
  3. Protection from automation: as automation of jobs continues to increase with AI/ML, a safety net is in place if job availability starts to plummet
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67 posts were merged into an existing topic: Implementing Milton Friedman’s Capitalist Guaranteed Income Proposal: The Negative Income Tax in the Trump Administration (2025-2029)

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