Question: A commentator recently suggested the following welfare reform Scrap the
A commentator recently suggested the following welfare reform: “Scrap the failing welfare programs. . . . Ensure that everyone has a basic income. Then simplify the tax code to restore the incentives . . . for everyone to work hard” [Ferguson, 2012]. Evaluate this proposal. Take into account that the “basic income” grant would have to be phased out in order to make the program feasible from a budgetary standpoint. How would that affect incentives to “work hard?”
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