Monday, June 10, 2019

Basic income and other ways to fix capitalism

Snake Oil.

I had a different idea.  Instead of paying people not to work, let's give everybody (in the US) a refundable tax credit for every hour they work.  Start with $.50 as a trial, and raise it to $1 later if it works out.  In other words, incentivize people to work.

I only favor this idea because I see some people having great difficulty on low wages.  Raising the minimum wage will cost jobs and hurt competitiveness.  

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