3 ms·
I sympathise with the general sentiment but most of what you're saying about BI and NIT is simply incorrect. > The advantage of basic income is that no matter
by RivieraKid 11y ago
I sympathise with the general sentiment but most of what you're saying about BI and NIT is simply incorrect.
> The advantage of basic income is that no matter what you do you still get that money
Only a minority of people would get money. Because if you get $10000 (basic income) and pay $20000 (taxes), you're not actually not getting money.
> A negative income tax isn't the worst idea, but it has all the wrong incentives. The more money you earn, the less help you get.
Well, obviously, this is also true for basic income. Most people with jobs would not get any help, they would give help. Welfare works by income redistribution. You take money from one part of the population and give it to another part.
As for incentives, that's the thing that NIT does right. It doesn't have the "lose welfare when you start to work" problem.