Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Economics term...

  • 14-10-2011 1:58pm
    #1
    Loire
    Registered Users, Registered Users 2 Posts: 2,036 ✭✭✭


    Hi all.

    I studied economics a long time ago and can't for the life of me remember the economics term for the following:

    Instead of having different rates of benefits / allowances, everyone receives the same amount of money each year, say 5k, and anything earned is then taxed at a flat rate of tax. Please help as this is wrecking my head!!

    Loire.


Comments

  • #2
    SBWife
    Registered Users, Registered Users 2 Posts: 1,287 ✭✭✭SBWife


    What you describe sounds like the Negative Income Tax proposed by Milton Friedman.


  • #3
    Loire
    Registered Users, Registered Users 2 Posts: 2,036 ✭✭✭Loire


    SBWife wrote: »
    What you describe sounds like the Negative Income Tax proposed by Milton Friedman.

    That's not exactly it, but the wiki page for it directed me to what I was looking for "Basic Income Guarantee". Thanks!


Advertisement