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In reply to the discussion: A Reverse Income Tax: A Bold Replacement for Social Security, Welfare, Food Stamps, and others [View all]quakerboy
(14,475 posts)Your system only pays out to some. Mine pays out to everyone. And that potential 10% left out of yours are the ones that control the vast majority of the resources. Even if you add some income to everyone in the bottom 90, they still control a much larger portion of the resources.
Our ideas provide the same benefits, I believe. I believe mine is more fair and harder to take issue with (once you get past the initial "they gonna take how much of my pay?"
Increased labor out is not really desirable. In my opinion. We have maybe more man hours than we need to accomplish the work that needs done to keep our society running. We either need to reduce the available man hours or increase the work that needs done. But there are only so many floors that need sweeping, only so many burgers to flip, and so many spreadsheets to make. I'm going off topic here, but we should really be reducing the work week to 30 or so, with a pay increase to make it viable.
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