That’s actually quite a nifty idea. Only problem is …
- it’s not so new but was already invented by the Germans in the late 1880s
- it already works remarkably well in most developed nations
- just do the same with the pension fund and unemployment benefits and you’re halfways there
- you shouldn’t finance social insurances with tax money. That’s supposed to buy weapons for your military and police, and Trumps wall, right? Have a heart for your poor billionaires, please. Have every employed person pay a percentage of their wages into the insurance fund. Split the costs with the employer 50/50. That’s how successful nations are doing it.