Re:It Is Time For Basic Income
by chongli on Saturday March 22, 2014 @10:52AM
(#7449253)
How do you decide the "50M who actually 'need' it" with vastly less overhead?
We already do this with income tax forms.
Furthermore, a 4k tax on 250M of the U.S. could be crippling to a good chunk of them. If your true point is redistribution of wealth, our tax system already does that and can do it more. But that's a different discussion..
That's what this is. It's very similar to Milton Friedman's negative income tax bracket.
We already do this with income tax forms.
Furthermore, a 4k tax on 250M of the U.S. could be crippling to a good chunk of them. If your true point is redistribution of wealth, our tax system already does that and can do it more. But that's a different discussion..
That's what this is. It's very similar to Milton Friedman's negative income tax bracket.