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The government doesn't foot the bill. People and businesses do. We pay taxes. Government has no money. The transfer payment is taken from the entire economy th
by bravo22 6y ago
The government doesn't foot the bill. People and businesses do. We pay taxes. Government has no money.
The transfer payment is taken from the entire economy through a tax. A slice off the top.
If a business has higher profits it would also pay larger portion of that transfer to low income persons.
A key feature is indexing the maximum amount i.e. what a person with 0 income would receive to typical cost of living at state or country level. This way it auto adjusts. Then it is in the interest of everyone paying taxes to figure out ways to reduce costs of living.
- michaelmrose 6y ago>A key feature is indexing the maximum amount i.e. what a person with 0 income would receive to typical cost of living at state or country level. This way it auto adjusts. If you pick a value too low it does not actually keep someone alive, fed, and housed. If you pay enough to live half the shitty jobs everyone hates become not worth doing.
- madeofpalk 6y agoI just think that businesses should pay employees a living wage to do work.