How a negative income tax could both be pro-business and pro-welfare in the UK?
How a negative income tax could both be pro-business and pro-welfare in the UK? Tax reform and a universal basic income are both topics that have garnered more and more interest in recent times. President Trump’s controversial budget has major changes to the US tax code. Whilst his Democratic opponent, Hillary Clinton even suggested that she would ran on a platform offering a universal basic income. One proposed policy position which would combine ideas from both these political foes, is the negative income tax. A negative income tax was first proposed by a female British politician Juliet Rhys-Williams, as an alternative to the famed Beveridge Report and as a way to deal with the crippling poverty and social issues the United Kingdom faced after World War 2. But it was later popularized by the neoliberal economist Milton Friedman. In 1969 President Richard Nixon was close to passing a form of negative income tax , in a continuation of his predecessor -Lyndon B. John...