Charles Murray: Give Every Citizen $10,000 A Year In Disposable Income

From Sunday’s broadcast of The Revolution with host Steve Hilton on FOX News:

CHARLES MURRAY: Well the simplest case from the conservative point of view is the current system is awful and replacing it all by just giving people money is better, that was Milton Friedman’s argument who made the case a long time ago. That’s part of my reason. But the main reason is, well I’ve got a couple, one is that I think we’re going to see a revolution in the job market in the next 20 or 30 years that are going to require us to define what the meaning of a job is. I’m in a minority on that.

. . .

In my plan, I give $10, 000 a year of disposable income, health care is taken care of otherwise. Okay, on $10,000 a year, you can’t really make much of a decent living. If you get a job you could easily be above the poverty line, but guess what? If you’re a couple that’s $20,000 plus whatever you can get from a low-paying job. And all at once if that low-paying job pays $15,000 a year for each other you, that’s 30 plus 20, that’s 50, and you’re moving toward a middle-class lifestyle.

I’m open to the concept of a Universal Basic Income. The details matter. For my support, I’d need to see most other welfare programs replaced by the equivalent dollar amount from the UBI program. Also, many regulations should be cut back that supposedly buffer employees from job loss as a result of trade or technology, and other regulations.

This approach let’s the market process operate based supply and demand, and removes the distortions that arise from government intervention.

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