3 ms·
Well here is one way it could be implemented, and this would also solve the issue of cost. Imagine it's offset against earnings. That is, if you earn more or l
by ds9 13y ago
Well here is one way it could be implemented, and this would also solve the issue of cost.
Imagine it's offset against earnings. That is, if you earn more or less than the benefit amount, you get paid the difference - in one case by the employer, in the other case by the government.
You can see how this solves the cost problem: the society overall is already paying the total cost is of whatever people are currently paid; this just puts a floor on the range.
Clearly this would get rid of much of the extreme inequality: it would amount to a kind of minimum wage; the net effect would be to give workers a larger share, and more bargaining power, and leave less for the upper-middle and the 1% - at no more cost than the current system.