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The Australian welfare system has lots of perverse incentives, but the tapper off is not too bad. The effective marginal tax rate is quite low and we have a ver
by danieltillett 11y ago
The Australian welfare system has lots of perverse incentives, but the tapper off is not too bad. The effective marginal tax rate is quite low and we have a very high minimum wage by OECD standards.
The real problems come when everyone in the community is unemployed. We really need to work on new societal structures to make sure that we don't follow the same path our remote communities have fallen into.
- rm_-rf_slash 11y agoI'm not sure how well it would work, but one of my longest-standing justifications for basic income is capitalism itself. If you have enough to live on from what you get from the state, then you'll be content at best, or spin your wheels and with racks of VB at worst. But if your neighbor was in the same situation and works to increase their earnings, and you see them driving nicer cars and wearing nicer clothing, then you'll want to live at that level as well. Then again, it might remind them of their own failures and they get double drunk that night. I'm not sure.
- TeMPOraL 11y agoMaybe both. They'll get drunk a few times, and then find something cool to help with and earn additional income.