Milton Friedman was incorrect. About the negative income tax, specifically. The great Nobel Laureate (1912-2006) viewed a negative income tax as something that would encourage work. While most people ...

In 1962, economist and author of “Capitalism and Freedom” Milton Friedman proposed the concept of government subsidies for low-income families. Under this type of tax reform and social policy, ...

In these heady days of progressive proposals for massive increases in the federal budget, such as the Democrats’ recently announced $3.5 trillion human infrastructure package, a timely paper has ...

Editor’s note: Dr. Mike Walden is a William Neal Reynolds Distinguished Professor and Extension Economist in the Department of Agricultural and Resource Economics at North Carolina State University ...

As far as I know, the negative tax you describe is currently implemented (albeit with different particulars), and is called the EIC, or Earned Income Credit.

Three hundred and seventy-nine highly profitable Fortune 500 corporations in the United States paid an average effective federal income tax of just 11.3 percent in 2018 as a result of the Tax Cuts and ...