Quote Originally Posted by Kantian Pragmatist View Post
It would counter the effects of inequality that builds up in such a system of free exchange as I have described. It wouldn't return things to their initial, absolutely equal state, but it would prevent individuals from being priced out of participation in the economy. I would think it would also be important to index the tax credit to inflation, once the credit has been established. And there are a lot of other reasons to favor this. It would let single mothers stay home with their kids, and lessen the pressure on parents to constantly work, so they could check homework, and encourage their socialization. It promotes personal freedom in that it would give the individual the option of "opting-out" of being someone else's laborer in a job they dislike. It gives them some capital they can use to form their own small business. It wouldn't require us to promote some religion or any religion at all in order to alleviate these inequality effects, preserving the freedom to believe. This is actually an idea I've been thinking about for some time, and I haven't found a downside to it yet, other than a possibility for a short-term spike in inflation. But as I said, inflation isn't necessarily a problem, unless it leaves some group of people out.
all well and good... but where does the money come from? to my way of thinking, the only way for the government to be able to afford to NOT take so much of our money is to spend less... a LOT less, if your numbers are to be realized. such a radical budgetary shrinkage would seem to necessitate a much smaller government than is currently in place.

also, by "tax credit" do you mean "rebate," or "reduction of taxable income?" from your wording it is not clear, they are two very different things.