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The salary cut is also problematic. If you create a maximum wage that is too low you'd have employers competing for a smaller pool workers without any way to in
by cmdrfred 10y ago
The salary cut is also problematic. If you create a maximum wage that is too low you'd have employers competing for a smaller pool workers without any way to incentivize them. I suspect a great many jobs would simply become impossible to fill (oil worker, trash truck driver, construction laborer, etc). Perhaps you can make the amount say one million annually (adjusted to the now inflated dollars) but that likely wouldn't curb inflation all that much as few people are paid that well and would destroy the very tax base that is intended to fund the basic income in the first place.
I'd support a move to a "Star Trek" economy but I just don't see how you pull it off.