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" ... Neverthless, a basic income is a very good idea indeed: the clincher for me is that it would eradicate those huge marginal tax rates that people at the bottom of the labour pile face. As benefits are withdrawn and taxes start to bite there are millions in my native UK who face 60% marginal tax rates. There are even some tens of thousands of unfortunate souls who face rates over 100%: earning more money leaves them with less disposable income. And yes, the Laffer Curve does bite at the bottom as well tas the top: 100% tax rates really are a disincentive to work. ... "