Monday, July 21, 2014
Toward a Progressive Libertarian Grand Compromise
Economist, Charles Murray (a libertarian), has put forth what he considers to be a grand bargain to the progressives. He says that we, the libertarians (and, no, not every libertarian is completely on board with this), will give the left its big spending. But the left will have to give the libertarians much more economic freedom. His specific proposal (which is essentially a modified version of Friedman's negative income tax) would be to provide to every poor family a minimum monthly income (think of the Earned Income Tax Credit beefed up and spread out more) to which these folks could spend in the manner that THEY desire. The only catch here is that any help beyond this (say that a person spends their whole check in the first week on booze) would have to come from family, friends, charity, etc..............................................................................It's a pretty darn good plan, I think, in that it a) empowers the individual citizen, b) at least partially puts the private sector in charge of charity/welfare (the assertion here being that the private sector would be much more adapt at determining who deserves the assistance as opposed to a swift kick in the pants), and c) radically reduces the size of the federal bureaucracy in that the bulk of the money will be going directly to those citizens who need it. I mean, I know that this is a radical approach to some folks but maybe a radical approach is exactly what the country needs at this point just to break the damned logjam.