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The Earned Income Tax Credit (a form of negative income tax) is an alternative to a livable minimum wage. Although a negative income tax is not without some pr
by todd8 12y ago
The Earned Income Tax Credit (a form of negative income tax) is an alternative to a livable minimum wage. Although a negative income tax is not without some problems (see [1]) it has been proposed as a better alternative to minimum wages by serious economists.
[1] http://en.wikipedia.org/wiki/Negative_income_tax http://en.wikipedia.org/wiki/Negative_income_tax
- dragonwriter 12y ago> The Earned Income Tax Credit (a form of negative income tax) is an alternative to a livable minimum wage. Some form of negative income tax might arguably propose a serious alternative to a livable minimum wage, but the existing form of the EITC isn't it. (If it was, then the actual minimum wage would be a "livable minimum wage", since it exists in the context of the existing EITC.)