Post by sophie on May 25, 2016 13:27:25 GMT
I am really liking this idea...it may well actually save money, if done right!
money.cnn.com/2015/12/07/news/economy/finland-basic-income-800-euros/?iid=EL
The tricky part would be to set the dividend high enough to cover the most basic food & shelter needs, and low enough that it won't discourage people from getting a minimum wage, entry level job. Otherwise, it'll create a permanent underclass of American citizens living solely on the dole, leaving no one willing to work those entry level jobs apart from illegal immigrants. I would also include the dividend in taxable income, so it's effectively taxed at your marginal rate.
The dividend should replace:
- all welfare cash payments
- food stamps
- unemployment benefits
- housing benefits (federal)
- WIC
- SSI
- and many more:
www.cato.org/publications/commentary/when-welfare-pays-better-work?gclid=Cj0KEQjwmpW6BRCf5sXp59_U_ssBEiQAGCV9GnvP2CzJWOaETnBygpwO3S6FXiPWI-abKwhmIglBH0waAuox8P8HAQ
Ideally, only Medicare and Medicaid would remain separate. Perhaps Social Security could be merged into this as well.
money.cnn.com/2015/12/07/news/economy/finland-basic-income-800-euros/?iid=EL
The tricky part would be to set the dividend high enough to cover the most basic food & shelter needs, and low enough that it won't discourage people from getting a minimum wage, entry level job. Otherwise, it'll create a permanent underclass of American citizens living solely on the dole, leaving no one willing to work those entry level jobs apart from illegal immigrants. I would also include the dividend in taxable income, so it's effectively taxed at your marginal rate.
The dividend should replace:
- all welfare cash payments
- food stamps
- unemployment benefits
- housing benefits (federal)
- WIC
- SSI
- and many more:
The federal government funds 126 separate programs targeted towards low-income people, 72 of which provide either cash or in-kind benefits to individuals.
Ideally, only Medicare and Medicaid would remain separate. Perhaps Social Security could be merged into this as well.
Otherwise, everyone would flock to Connecticut or Hawaii.