> the program will chip in the rest to top it up. You just instituted a 100% mar... | Hacker News

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		danielweber on Oct 11, 2013 \| parent \| context \| favorite \| on: Rather than savage cuts, Switzerland considers “St... > the program will chip in the rest to top it up. You just instituted a 100% marginal tax rate on the working poor.

astrodust on Oct 11, 2013 [–]

How so? Most guaranteed income programs work like a negative tax, they pay you what you didn't get.

danielweber on Oct 12, 2013 | [–]

Most guaranteed income programs

Who? Who does this?

Earn $13,000 a year and get a $5,000 bump up.

Earn $15,000 a year and get a $3,000 bump up.

That's a 100% marginal tax. It is the worst possible design.

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