Libertarians are known for their general skepticism toward government programs. However, some libertarians have still flirted with the idea of a Basic Income Guarantee (BIG) as an alternative to the current welfare state. Tom Woods, a noted advocate of libertarianism, recently debated BIG advocate Matt Zwolinski on his podcast.
Zwolinski argued that a BIG can be defended from the standpoint of pragmatic politics from the standpoint of justice. He suggested a plan in the vein of that recommended by libertarian economist Charles Murray: an annual $10,000 cash payment to every American adult.
Woods challenged Zwolinski on the basis that a BIG would violate an individual’s right to the fruits of their labor.
Zwolinski responded that many libertarians hold “idealized” accounts of how individuals accumulated property in the past, ignoring the injustices created as property was and is distributed. A BIG could alleviate some of the inequality caused by these injustices, Zwolinski argued.
Taking on a Georgist position, Zwolinski said that property cannot be fully owned. Ignoring the unjust way property came about and failing to rectify it through a policy like a BIG is a “rationalization of privilege,” he said.
For the full YouTube video of the podcast, click here.