I'm not saying it wouldn't quickly turn into 51% of the people voting themselves 100% of the money (which would quickly become worth nothing), but it isn't the worst idea out there.
I'm not saying it wouldn't quickly turn into 51% of the people voting themselves 100% of the money (which would quickly become worth nothing), but it isn't the worst idea out there.
Can you recommend any reading on this?
[0] http://www.theatlantic.com/politics/archive/2014/08/why-aren...
The EIC is on top of the programs Friedman wanted to replace.
So for many it is too small to matter either because they don't have dependents, don't work enough, or work too much. But it's actually a near damned perfect incentive to keep people working and trying to find better jobs while keeping them out of abject poverty. Likely the best anti-poverty tool the US government has blindly stumbled upon ever.
Neat to think about, but would take a miracle for most people to take seriously.
http://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragma...