The Town Where Everyone Got Free Money | Motherboard
Between 1974 and 1979, the Canadian government tested the idea of a basic income guarantee (BIG) across an entire town, giving people enough money to survive in a way that no other place in North America has before or since. For those four years—until the project was cancelled and its findings packed away—the town’s poorest residents were given monthly checks that supplemented what modest earnings they had and rewarded them for working more. And for that time, it seemed that the effects of poverty began to melt away. Doctor and hospital visits declined, mental health appeared to improve, and more teenagers completed high school.
I have been a huge fan of negative income tax, for a very long time. And this article proves a lot of my arguments for it.
It is a great idea, you give everyone enough money for survival, and you can remove many of the complicated welfare programs we have. And people that would like more money, have to earn it.
The important part is: negative income tax. This means that you either get all or parts of it as cash, or you get all or parts of it as a tax deduction.
I think Switzerland is implementing something like this.