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There is was a negative income tax experiment in 70s in Seattle: http://www.econlib.org/library/Enc1/NegativeIncomeTax.html http://www.econlib.org/library/Enc1
by monort 12y ago
There is was a negative income tax experiment in 70s in Seattle:
http://www.econlib.org/library/Enc1/NegativeIncomeTax.html http://www.econlib.org/library/Enc1/NegativeIncomeTax.html
- clavalle 12y agoThat article is very negative on the whole idea and is short on facts of the experiment and long on conclusions. One point it made that had me thinking was that it would be impossible to cover enough of the population because the poverty line is so close to median income. Well, what if we didn't cover everyone? What if we picked areas that are having a particularly rough time and used a negative income tax to prime the pump?