I think a flat negative income tax is the way to go. http://en.wikipedia.org/wiki/Negative_income_tax http://en.wikipedia.org/wiki/Negative_income_tax When yo

I think a flat negative income tax is the way to go. http://en.wikipedia.org/wiki/Negative_income_tax http://en.wikipedia.org/wiki/Negative_income_tax When you earn a dollar, you lose 30c of your basic income. Once your basic income is eaten up in this way, you lose 30c out of your income as tax. This means that the incentive to earn each subsequent dollar is essentially the same as the last. Of course, I'm sure someone smarter than me has a better idea of what: 1) The basic income amount will be 2) What the flat tax amount would be The idea is that this would be both a tax reform action and also a replacement of a lot of welfare programs.