Friday, January 19, 2024

Negative Income Tax

The biggest issue here is how exactly Social Capitalism can solve the poverty problem? Poor people do need concrete proposals alleviate their predicament. Not only those who are currently or permanently unemployed, but also those who are currently employed. Because those who are currently employed may one day be fired. So, they too want to be sure there is something to support them when that happens.

Social Security Systems (dole), currently managed by government, are one such certainty. Usual right-wing talk that social security is bad, does not solve the problem. After all who will pay you if you are fired. If right wing really wants to replace this system, then they should provide a social security alternative.

Technically it is possible to create a system that is more efficient than the one run by the government, but there has to be willing to do it and means to do it. Some Pirate Party proposals, like negative income tax, do address just that. That would be better than current social security, but current social security is better than no social security.

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