quoting a friend quoting the article: Maybe its time we start - TopicsExpress

quoting a friend quoting the article: Maybe its time we start writing our politicians and bugging them about this. So heres my takeaway: a negative income tax or basic income of sufficient size would, by definition, eliminate poverty. We still dont know if thered be much of a cost in terms of people working and earning less. If there is, the effect is almost certainly small enough that a negative income tax can offset the lost earnings and remain affordable. The worst case scenario is that we eliminate poverty but see a modest decline in employment. The best case scenario is we eliminate poverty at even lower cost and dont see much of an effect on employment. Thats a gamble Im willing to take.

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