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Treasured Social Butterfly
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Re: Guaranteed Basic Income Experiment Beginning This Year

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Alaska has been sending checks to its citizens for oil profits for a couple of decades. Same effect if a different funding source. We could see how they are doing. 

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Treasured Social Butterfly
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Re: Guaranteed Basic Income Experiment Beginning This Year

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@GailL1 wrote:

@MIseker wrote:
EITC was intended to do that for the working poor. It was poorly implemented and ill explained.

I have always thought of the EITC as a way for lower income working folks to get back some of the tax money which was taken from their paycheck like payroll taxes.

 

Stockton is still working on the criteria for eligibility for the guaranteed basic income but most likely working won't be part of the criteria.


I read the link, nd while not clear HOW MUCH working ages would be a factor, suplimenting workers wages is certainly part of it. 

 

eitc origianally would basically give a return that matched your income up to 8k. ..the more you made the more 1000's you got back. But, the flaw was an exect cut off at 8k. someone with 8k income did better in a years that someone that made 10 k. If i remember right.

 

So it begins.
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Valued Social Butterfly
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Re: Guaranteed Basic Income Experiment Beginning This Year

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@MIseker wrote:
EITC was intended to do that for the working poor. It was poorly implemented and ill explained.

I have always thought of the EITC as a way for lower income working folks to get back some of the tax money which was taken from their paycheck like payroll taxes.

 

Stockton is still working on the criteria for eligibility for the guaranteed basic income but most likely working won't be part of the criteria.

* * * * It's Always Something . . . Roseanne Roseannadanna
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Treasured Social Butterfly
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Re: Guaranteed Basic Income Experiment Beginning This Year

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EITC was intended to do that for the working poor. It was poorly implemented and ill explained.
So it begins.
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Guaranteed Basic Income Experiment Beginning This Year

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For lack of a better term, they seem to be calling it "a guaranteed basic Income."

 

Guess this will be interesting to watch and keep up with the results - positive or negative.

 

NPR 01/29/2018 - Stockton, CA Experiments With Guaranteed Basic Income

 

Money Is coming from a Grant from the Economic Security Project.

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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