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I would like to see negative income tax. You have to insert the fresh printed money into the economy some place. Why not have people work for it?
by throwaway14356 2y ago
I would like to see negative income tax. You have to insert the fresh printed money into the economy some place. Why not have people work for it?
- astrange 2y agoWe have that in the form of EITC and child tax credits. They should be better though.
- strictnein 2y agoThrough the Earned Income Tax Credit a some low earners do experience a negative federal income tax. https://taxfoundation.org/research/all/federal/earned-income-tax-credit-eitc/ https://taxfoundation.org/research/all/federal/earned-income...
- throwaway14356 2y agoIncome inequality is a big problem but this would be the only remedy I wouldn't like. Maybe do a percentage that excludes earnings beyond 500k Should we want businesses that need public money to continue to operate? I suppose one should critically examine their usefulness. If they fail 0% income tax on salary would be good enough. OT: It struck me a while back what work was involved in running a government using only paper. I guess they all found ways to burn the excessive funds over the years as the real work kinda vanished. I hear Estonia made an effort to write laws that are easy to automate simply because they didn't have money. https://www.oecd-ilibrary.org/docserver/1a89ed5e-en.pdf?expires=1716592717&id=id&accname=guest&checksum=E36A890D5229DBD2B2F548A1EC801BA3 https://www.oecd-ilibrary.org/docserver/1a89ed5e-en.pdf?expi...