I know the so-called “libertarian” argument Murray made for the basic income.
His book is called
In Our Hands. It's a tough read but if you're willing to slog through pages of dry facts and figures the ideas become clear.
His basic points are these: For one, we are a very socialist society and if you don't believe him just examine the federal budget. We are very, very socialist. For another, if we're going to spend billions each year on socialism anyway, let's do it in a more logical fashion.
Everyone gets a check each month, deposited into your checking account. You may then spend that money on drugs, hookers, health insurance or food. Your choice.
Besides the monthly check, there is another part to Murray's equation. We eliminate all government agencies related to welfare/socialism. In short, we cut out the middleman. By doing so we save zillions of taxpayer dollars. And we add a big dose of personal responsibility to boot.
For example, let's say Bob chooses to spend his monthly check in strip clubs. He may not eat or have a dime for clothes, but he's made his own choices. On the other hand, Larry and his cousin decide to use that money to start a small business. They may get a loan from the bank and dedicate those monthly checks towards paying down the loan. And then there is Suzie, who just puts her checks into a savings account. At the end of the day it is your choice.
Of course, that's where liberals go nuts - your choice. They demand government make these choices for you as individuals are too stupid to spend the money wisely.