ASI report "Free Market Welfare" is featured in the Financial Times
The latest Adam Smith Institute paper, "Free Market Welfare: The Case for a Negative Income Tax", has featured in the Financial Times.
Two free market think-tanks, the Adam Smith Institute and the Institute of Economic Affairs, argue that the entire tax credit system should be dismantled and replaced with a simple “negative income tax” — a minimum guaranteed income that tapers away as earnings rise.Sam Bowman, the Adam Smith Institute’s deputy director, argued this would “radically simplify the welfare state and guarantee that everybody is better off in work”.