Today's reading: https://en.wikipedia.org/wiki/Welfare_trap … Means-testing is a horrible, destructive superstition.
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@bechhof All of this assumes govt is going to put in place *some* redistribution, mind. I'm OK with junking the whole thing. -
@bechhof But this society seems to insist on it, so have to look at tax curve--negative base income tax + flat % is *minimally distorting*. -
@bechhof That's the bullet that has to be bitten. - 3 more replies
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.