There was a rather interesting discussion today on NPR concerning the possibility of a guaranteed minimum income, a proposal close to the hearts of distributists everywhere.
I really wish the host had let Megan McArdle explain more about the drawbacks to such a plan instead of letting the end of the conversation devolve into emotion.
I am a proponent of a guaranteed income policy but I think McArdle had a great point. The perverse incentives both at the political and the personal level just make the practical implementation a nightmare. It’s worth more thought.