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Those are good points, but there are ways to fix that. There's no reason why NIT needs to involve large amounts of paperwork. NIT only involves income, so a pe
by witty_username 10y ago
Those are good points, but there are ways to fix that.
There's no reason why NIT needs to involve large amounts of paperwork. NIT only involves income, so a person simply needs to give their income (unlike taxes, which are much more complicated).
The NIT would presumably have a minimum amount given even if you earn 0$. That amount can be given to everybody can't do the paperwork. Then, the amount remaining above that can be distributed as a NIT.
Basically, give UBI to people who can't do the paperwork to cover them. The rest can use NIT.
The time lag is not a necessary property of the tax system. The NIT can be done on a monthly basis.
Anyways, this is just an implementation issue. Either way they both redistribute money.