The Council of Economic Advisers, following a long and rigorous study, has concluded that a family of four needs a family income of at least $60,000 annually to enjoy a comfortable life style. As a result, legislation is being prepared that calls for the federal government to subsidize families making less than $60,000 annually with the income needed to bring their family income up to $60,000. For example, a family with current income of $45,000 would get a $15,000 subsidy.

Is this a good or bad idea in your opinion? In your answer, mention some of the advantages and disadvantages of such a plan.