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When people focus on inequality, are they doing so because they love the poor and want to do something for them, or because they hate/envy the rich? Too often,
by tomohawk 8y ago
When people focus on inequality, are they doing so because they love the poor and want to do something for them, or because they hate/envy the rich? Too often, it's the latter.
Instead of UBI, a negative income tax is a much better approach. There's a lot of info out there about it, but here's a nice intro:
https://m.youtube.com/watch?v=xtpgkX588nM https://m.youtube.com/watch?v=xtpgkX588nM
- koolba 8y agoIn some ways we already have that with the earned income tax credit: https://en.m.wikipedia.org/wiki/Earned_income_tax_credit https://en.m.wikipedia.org/wiki/Earned_income_tax_credit
- darawk 8y agoYa, the EITC is a negative income tax. But it should probably be expanded, it's a great policy.
- dragonwriter 8y ago> Ya, the EITC is a negative income tax EITC is a hybrid normal and inverse means-tested, and also behavior (by source of income) tested, welfare program managed through the tax system that was loosely inspired by negative income tax, but it is not actually a negative income tax.
- darawk 8y agoAka a form of negative income tax.