From | Message | ||
---|---|---|---|
cmtoo 07-Sep-19, 03:02 |
![]() Such a system has been discussed by economists but never fully implemented. According to surveys however, the consensus view among economists is that the "government should restructure the welfare system along the lines" of one. It was described by British politician Juliet Rhys-Williams in the 1940s and later by American free-market economist Milton Friedman. In a negative income tax system, people earning a certain income level would owe no taxes; those earning more than that would pay a proportion of their income above that level; and those below that level would receive a payment of a proportion of their shortfall, which is the amount their income falls below that level. From Wikipedia, the free encyclopedia en.wikipedia.org |
||
|
![]() |