3 ms·
I really like the concept (and have for at least a decade and a half). The linked article misses one thing which is that minimum wage legislation can probably
by josephlord 13y ago
I really like the concept (and have for at least a decade and a half). The linked article misses one thing which is that minimum wage legislation can probably be removed too.
What I don't know is actually what the level of the basic income could realistically be at what levels of income tax (I assume that there would be a single flat tax rate for all income additional to the Basic Income).
It would be great to get good statistics of earned/savings income distributions for a few countries and current income tax, capital gains tax and National Insurance takes and build a tool to see what incomes and rates a feasible. I picture being able to adjust basic income and see the effect on the tax rate and vice versa. Ideally you could make the income distribution adjustable so that you could try different scenarios such as the effect of more people doing no work.
I'm not sure how children should be handled in these models either as there are real costs and you don't want child poverty but you don't want to make breeding too profitable which may occur if they attracted the full rate Basic Income.