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Politics : Politics for Pros- moderated

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From: LindyBill	11/18/2006 12:20:09 PM
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Friedman on Welfare Another idea which Friedman popularized is the negative income tax. He argued that welfare programmes tended to benefit their legislators and administrators while restricting choice for the beneficiaries. Complex welfare systems should be replaced by a negative income tax, whereby people on higher incomes pay tax, and people on lower incomes receive a cash sum. This system is simple and empowers beneficiaries to shop around in the marketplace instead of forcing them to accept government-provided goods and services. It is plain that Friedman is not a thoroughgoing libertarian. He believes that there are important, if basic, roles for government. His policies for welfare and education explore how to improve the system by using market principles, rather than rejecting state transfers entirely. His macroeconomic policy, though rule-driven and anti-interventionist, assumes the dominance of political authorities. But his dogged opposition to economic meddling, and his lively criticism of the dangers to liberty posed by big government, make him perhaps the most effective spokesman for free markets and the free society that recent times have produced. Eamonn Butler Adam Smith Institute adamsmith.org

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