A bit of civility, please? I'm sure you're sure you're the smartest man in the room, but don't go around spewing insults about topics you seem to have only a passing familiarity with.
For one, it's not ever been really tried to my knowledge. Some limited versions have been, and they were actually relatively successful, but hardly dispositive.
For two, basic income guarantees have plenty of theoretical benefits over EITC. The EITC creates some steep disincentives to work at certain points in the income spectrum, at some points topping a 100% marginal tax rate combined with other benefits, effectively trapping people in a low-income trough they can't escape from.
The unconditional basic income guarantee doesn't face this issue: you don't have drastic marginal tax rates anywhere, as it's actually one of the only proposals that make a flat income tax consistent with a humane welfare state.
Overall, though, you comment betrays a lack of understanding about what can cause unemployment. It's deeply lacking in theoretical backing. Just to stretch your mind a bit: one way to think about horses in the economy is that eventually they became mostly unemployed. Your statement is incapable of explaining that. At some point, the costs of employing and managing the worst employees in any sector will be greater than the capital costs of replacing them. And then they will be. Might be in a decade, might be in a century, but at some point that has to happen, unless you consider human labor inherently magical. And after that every advance of technology will make that group of too-expensive-to-employ workers ever larger.
For one, it's not ever been really tried to my knowledge. Some limited versions have been, and they were actually relatively successful, but hardly dispositive.
For two, basic income guarantees have plenty of theoretical benefits over EITC. The EITC creates some steep disincentives to work at certain points in the income spectrum, at some points topping a 100% marginal tax rate combined with other benefits, effectively trapping people in a low-income trough they can't escape from.
The unconditional basic income guarantee doesn't face this issue: you don't have drastic marginal tax rates anywhere, as it's actually one of the only proposals that make a flat income tax consistent with a humane welfare state.
Overall, though, you comment betrays a lack of understanding about what can cause unemployment. It's deeply lacking in theoretical backing. Just to stretch your mind a bit: one way to think about horses in the economy is that eventually they became mostly unemployed. Your statement is incapable of explaining that. At some point, the costs of employing and managing the worst employees in any sector will be greater than the capital costs of replacing them. And then they will be. Might be in a decade, might be in a century, but at some point that has to happen, unless you consider human labor inherently magical. And after that every advance of technology will make that group of too-expensive-to-employ workers ever larger.