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Re:Solve Homelessness: Cut Out The Middle Man by arethuza on Friday February 18, 2011 @06:19AM (#2235047)
That sounds a lot like the Working Tax Credit in the UK - which has had a lot of problems:

http://en.wikipedia.org/wiki/Working_tax_credit

[NB I think the problems were more to do with the poor implementation of the scheme rather than the idea itself].

Re:Solve Homelessness: Cut Out The Middle Man by eru on Friday February 18, 2011 @08:10AM (#2235241)
Those schemes (and similar) are also known as basic income.

You have to make sure that the effective marginal tax rates stay low, even on small incomes. That's something lots of welfare payments get wrong.