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>creating two classes of people: givers and receivers, us and them. You get the same effect with basic income. Those who pay more in taxes than basic income g
by Lawtonfogle 11y ago
>creating two classes of people: givers and receivers, us and them.
You get the same effect with basic income. Those who pay more in taxes than basic income gives and those who don't. You could effectively create a negative income tax that gives the exact same payouts as basic income.
x is income, b is basic income, F(x) is tax someone has to pay at x income under the basic income scheme, G(x) is the tax scheme someone has to pay out without basic income that includes some negative taxes.
If G(x) = F(x) - b, then x + b - F(x) = x - G(x). Yes, they are coded up on law a bit differently, but the outcome on everyone's pay would be the same. All that is different is the talking points. Kinda like how people are charged higher tax rates for not having children currently in the US.