@CaptainHarley I hear what you are saying but can’t follow the mechanics of your suggestions as if we did establish a “min lower income level below which no one would be allowed to fall” as you suggest….who pays for these inevitable shortfalls? We come back full circle to a Gov welfare program…“welfare” is an evil” word for many especially the politicians who feel the need to care for the poor and thus are saddle with the responsibility to promote welfare legislation. This was the very dilemma they faced in the late 70’s when the politicians decided to shift the Governments financial welfare burden to the tax rolls. Same cost to the government but now it is a tax incentive! Brilliant move and now the Politicians can proudly champion tax breaks for the working poor and provide incentives for the non-working poor to get off welfare to get tax breaks instead.
Again, I see no easy answer or other way than to cut taxes to the lowest income brackets and even provide additional tax credits. So the net result is these people pay $0.00 in taxes and even get money back from the Gov in tax “credits” but in the end it is Government welfare in Tax clothing. If we don’t do this then these people just won’t work and they fall back on welfare. And if you think about it you either pay for the tax credits and breaks or you pay for them to be on welfare. Damned if you do or damned if you don’t.
I think people a lot smarter than me have thought this through many times over.