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By d.knox (registered) | Posted May 22, 2010 at 22:23:15
Al: I understand and like the idea of raising the personal exemption rate. I don't understand the negative income tax idea. Care to elaborate? Donald: I think part of the appeal of the guaranteed income supplement is to get rid of the cost of administering the system (which creates other employment issues, but that's a tangent). Yours sounds a little complicated and suggests a complex administration process, including qualifying and exemptions etc. And is the bonus for finding a job in addition to the money that you earn from working? Isn't the earned income enough of a bonus? I confess that I haven't really studied the GIS idea, and how different people imagine it working, but the few people I've spoken to who support the idea mention both the elimination of a complex and expensive administration system and the assumption that few people will abuse it - which suggests to me that the rates they are imagining will be fairly low.
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