For giving $300/week to all 16+ years old citizens.
Poverty increases because higher taxes have to be levied on income earners (PDF says 44-48.6% range). Single person householders with >$50K; Two-earner households with children earning over >117K; Single income families earning >$183K are worse-off as it will reduce their disposable income. The main worry is people will work less for the time that fetches them $300/wk but the upside is that people will be more willing to take on part-time work; also people might shun entry-level jobs; increase in emigration due to increase in taxes; while immigration from unskilled labour will increase.
Brief 5 min look-through synopsis. Please correct if it seems insufficient.
For giving $300/week to all 16+ years old citizens.
Poverty increases because higher taxes have to be levied on income earners (PDF says 44-48.6% range). Single person householders with >$50K; Two-earner households with children earning over >117K; Single income families earning >$183K are worse-off as it will reduce their disposable income. The main worry is people will work less for the time that fetches them $300/wk but the upside is that people will be more willing to take on part-time work; also people might shun entry-level jobs; increase in emigration due to increase in taxes; while immigration from unskilled labour will increase.
Brief 5 min look-through synopsis. Please correct if it seems insufficient.