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RE: Why we need a Basic Income by Jeremy Bernier
If we are all tenured professors, it seems that we would starve anyway. We have to have producers in an economy, otherwise it doesn't work. If we are going to provide some form of income redistribution, the Earned Income Tax Credit (EITC) program in the U.S. Is one of the best programs for providing income without the disincentives that come with a lot of social programs, but unfortunately only about 80% of eligible recipients applied for it in the most recent year. More than 27 million eligible workers and families received more than $67 billion in EITC payments.