It’s still not right. It ought to be a tax adjustment and the more you made the more would be returned.
They're still enamored with Keynes's "marginal propensity to consume." According to this theory, the higher your income, the less of any additional income you'll "spend." Instead, you'll save it. As one democrat senator years ago put it with regard to a tax cut, the rich will only squirrel it away in stocks and bonds. Since the intent is to get people to spend, the money goes to those with a high marginal propensity to consume.
I agree. Like Reagan said...Government is not a solution to our problem, government is the problem