It think it’s fair to say that both the libertarian and egalitarian conceptions of freedom are wrong. Libertarians traditionally adopt a negative kind of freedom. More precisely, they believe that individuals should be free from interference, especially interference by the government, and with their property. They don’t accept that it makes sense to view freedom more positively as the possession of resources and capabilities that are necessary to make a really free choice between alternatives and opportunities. The freedom of those without certain resources and capabilities (such as education, health and a basic income) is futile because they can’t exercise their freedom, not because they are actively interfered with but because they can’t choose between opportunities.
Such a positive freedom is preferred by egalitarians (also called social-democrats, progressives, or even liberals). These, however, often make the mistake of denying the importance of negative freedom. In their effort to equalize freedom they often show disdain for non-interference and property rights.
There is a relatively easy way to bring these two points of view a bit closer together. The main worry of libertarians is that egalitarians will use the power of the state to redistribute property. (Remember the uproar over the claim by Obama that he wants to “spread the wealth around”). As I stated here, there are good reasons to encourage voluntary redistribution by citizens, without enforcement by the state (enforcement should only be necessary when citizens fail to engage in charity). If the resources and capabilities necessary for an equal positive freedom are redistributed voluntarily by citizens, then there is no interference and negative freedom and property rights are safeguarded.
This may sound naive, but I don’t think it is. There’s already an enormous amount of private charity and remittances are also a very important source of financial aid.