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In reply to the discussion: A Reverse Income Tax: A Bold Replacement for Social Security, Welfare, Food Stamps, and others [View all]BrentWil
(2,384 posts)18. Yeah, I will change the OP now... 14% overhead is still high, however
14% is still high and it would save a lot with that program.
I will reword the OP. The 1% administration cost of SS does show an economy of scale effect. One system giving out checks would be a lot cheaper.
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A Reverse Income Tax: A Bold Replacement for Social Security, Welfare, Food Stamps, and others [View all]
BrentWil
Jan 2012
OP
I had an uncle who proposed it in Canada. Studied it in university. From what I can remember it
applegrove
Jan 2012
#10
it would likely be better than SS and would serve all the same purposes, in any event....
mike_c
Jan 2012
#7
People don't get 50K in SS benefits per year when they retire. That is what I am saying to give
BrentWil
Jan 2012
#13
I'm sorry-- the OP isn't mine and I don't have the inclination to research it's claims for you...
mike_c
Jan 2012
#16
Unfortunately, people are too tied to the competition thing without thinking it through...
Luminous Animal
Jan 2012
#32
It does away with the worst part of capitalism competition. Hunger, homelessness...
Luminous Animal
Jan 2012
#40