Finland to Offer Universal Basic Income (H/T Milton Friedman): Scott Ott Podcast #41

Finland to try Universal Basic Income, a Milton Friedman idea -- on this Scott Ott Podcast
Photo: Usien

Finland is about to wipe out a bunch of social service programs for the poor, and replace them with a monthly stipend — a Universal Basic Income — for everyone. Believe it or not, Milton Friedman proposed this years ago as, essentially, a “negative income tax.” You might be surprised at my reaction to the plan in Scott Ott Podcast #41. Listen and tell me yours.

Here’s the City Journal story I reference in the podcast.