But if it is paid to everyone, in effect giving people who aren't already on the dole additional income and the only visible benefit being making our welfare system more efficient and, due to that administrative efficiency, eliminating many current government jobs, what do you think the effects of that would be?
I think it causes;
1- Inflation due to more disposable income being in circulation.
2- Raises the poverty level so the needy people will still be a day late and dollar short on their buying power.
3- Many extremely rich people won't put their fair share back in to circulation so the rich just become richer.
4- Many of a whole bunch of former government employees, who used to be part of the inefficient system, will now be transferred to the government dole, in effect off setting much of any benefit.
I'm not going to blindly follow the recommendation of a guy like Milton Friedman, no matter his name or supposed credentials, when it is so glaringly obvious that these things will happen as a consequence. I'm all for revamping or fixing our current system but I fail to see where this accomplishes anything meaningful and I can see all kinds of pitfalls that would likely make things worse than they are now. Fixing something by making it worse than it was is no solution.
And to answer your question from a prior post, I learned about economics in high school and at DONU and mostly through my life which includes being a consumer and business owner. Milton Friedman doesn't mean sh#t to me. And wouldn't he be considered one of the guys who has helped shape our current system?
Why did you assume it was not at a university? Just because I disagree with you or because I am not a fan of socialist policies or because I'm not all over Friedman's jock strap or...why?