Why Not a Negative Income Tax? "What kind of program could help protect every citizen from destitution without granting excessive power to bureaucrats, creating disincentives to work, and clogging up the free-market economy, as the modern welfare state has done? [Nobel-prize winning economist Milton] Friedman’s answer was the negative income tax, or NIT."
posted by shivohum
on Mar 14, 2011 -
The Every Child Matters Education Fund, a non-profit organization that lobbies for better education and services for children, released a report (audio accompanies link text) this week that reveals that geography is as important as race and class in determining which children succeed, and which fail.
The five highest ranking states, based on such factors as child poverty, infant mortality rates, juvenile incarceration rates and the like, were all in New England, with Vermont on top. The bottom five were all in the central South, with Louisiana coming in last... States with a high tax burden did a far better job of minimizing childhood poverty than low-taxing states.Via John Ibbitson in the Globe and Mail [more inside]
posted by KokuRyu
on Apr 4, 2008 -