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Re:Activists push for guaranteed minimum income for Canadians by tomkin on Sunday June 29, 2014 @07:01PM (#7962831)
I don't think 20k is too high. We're burning more money than that per person just to maintain programs to deal with poverty, homelessness, etc.
Re:Activists push for guaranteed minimum income for Canadians by cpncrunch on Sunday June 29, 2014 @07:05PM (#7962845)
But those programs only apply to a small proportion of the population. This would apply to everyone.
Re:Activists push for guaranteed minimum income for Canadians by tomkin on Sunday June 29, 2014 @07:13PM (#7962876)
I just assumed the article didn't address that properly. Simply because that number would be astronomical and not practical. It should only apply to those who require it, under a certain threshold.
Re:Activists push for guaranteed minimum income for Canadians by tempestn on Sunday June 29, 2014 @09:00PM (#7963149)
It has to apply to everyone or it doesn't work. Otherwise you would see a massive effective marginal tax level at whatever point it was cut off. (Even if ramped down, although to a lesser extent.) What could be done instead is that the entire tax structure is altered so that much of the cost of the basic income is spread over the entire middle and upper range of income tax brackets, such that the middle class end up in roughly the same situation they were before the GBI was introduced.
Re:Activists push for guaranteed minimum income for Canadians by nardi on Sunday June 29, 2014 @07:35PM (#7962934)
That's not basic income. Basic income by its definition goes to everyone. That's what makes it an appealing substitute for minimum wage, welfare, etc.
Re:Activists push for guaranteed minimum income for Canadians by eru on Sunday June 29, 2014 @08:24PM (#7963065)
People usually talk about basic income plus an adjustment in tax and the rest of welfare programs, to make it come out neutral for the average person.