Yeah, you got the point right. “Monotonicity” is important. That means, if somebody puts in more effort, they should get out more of it.
x-axis is how much you earn from jobs, y-axis is how much you take home in-total.
The only thing that remains to be determined is the parameters of that curve (offset + slope). A steeper slope would mean people are more motivated to go to work, but also less tax income for the state.
I would propose a slope of 1/2 and an offset that is big enough to be able to live on it, but i believe this is something the people will have to determine through voting.
Yeah, you got the point right. “Monotonicity” is important. That means, if somebody puts in more effort, they should get out more of it.
x-axis is how much you earn from jobs, y-axis is how much you take home in-total.
The only thing that remains to be determined is the parameters of that curve (offset + slope). A steeper slope would mean people are more motivated to go to work, but also less tax income for the state.
I would propose a slope of 1/2 and an offset that is big enough to be able to live on it, but i believe this is something the people will have to determine through voting.