Andrew Yang is a model of the new capitalist, a breed of pragmatic business professionals thrilled by the potential of markets, yet keenly conscious of market limitations. Tech professionals like Yang are just beginning to exercise their political leverage.
Fifty years later, this explanation of the case for a basic income laid out by Milton Friedman is more relevant than ever. Friedman was describing his plan for a negative income tax, a plan actually introduced and promoted by Nixon, but the skeleton of that case applies to just about any system of universal needs-based support. Also interesting in this clip is the quality of the interaction. Can you imagine any major conservative media figure of William Buckley’s profile engaging in such a smart, thoughtful interaction on a complex subject today?