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re: Replacing Social Welfare Programs with a Min Income Payment

Posted on 1/5/14 at 11:00 am to
Posted by crazy4lsu
Member since May 2005
36571 posts
Posted on 1/5/14 at 11:00 am to
I this is the way society is progressing. The idea of a negative income tax is very appealing to me, as ideally you would cut out lots of government bureaucracy.

I do worry about the price of goods in this situation, as government subsidies seem to inflate prices.

There are pilot programs for basic income in India, Brazil, and Nambia. I don't know yet if the Swiss have voted on it. But as technology and innovation increases, we will need less and less workers.
This post was edited on 1/5/14 at 11:01 am
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