Originally Posted by JMRouse
1) Because otherwise it would take away the incentive of anyone who would typically make less then $20K a year to work. If I was a Highschool dropout with job prospects looking to be in the minimum wage level for the majority of my adult life, why would I take a job at Burger King or as a Janitor under this system? If enough people at this level choose to not work, it could theoretically create an artificial minimum wage above $20K a year. These low paying jobs would have to offer more to create the incentive for people to work for them.
2. How would this be decided?
3. Again, I'm just trying to understand how MGI would work if actually applied and put into action.
20 k would be too high. And it would be the your income plus MI minus your income/2.
So if you made 5k and the min was 20k your bonus would be 20k minus 5k equals 15k divded by 2 equals your gov. doll of 7.5k added to your earned money of 5k equals 12.5k total.
A person not working at all would be 0 plus 20k divided by 2 whcih equals 10k whcih would be your total income. So even working very little would still beat not working at all. And I don't think you would make getting a MI contingent on working at all. Right now SSI, welfare, foodstamps, ect. ect. are not.