4 ms·

Also read negative incometax. Same thing. At this point economics will make more sense if human cost is acually made quantifiable and counted in profit and loss

• tom_mellior 6y ago
  UBI is not the same thing as a negative income tax. I would be sure to get a UBI this month, and next month, and the month after that independent of what I do. With a negative income tax, I might be employed this month, then lose my job and barely scrape by next month, and starve the month after that. And then sometime next year, after filing tax papers, I would get some money to keep me alive... this year. It's true that in the grand scheme of things, averaged over many years, I would get the same amount from a UBI and a negative income tax. But at critical points in life, where my employment status changes significantly, the delay from the negative income tax would not provide the security that a UBI does.