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Only about 30-40 million people would likely net extra income with a UBI. i.e. If you increase my income taxes by $1000 but then give me a $1000 UBI check, its
by qqqwerty 6y ago
Only about 30-40 million people would likely net extra income with a UBI. i.e. If you increase my income taxes by $1000 but then give me a $1000 UBI check, its a wash. For some reason folks struggle to wrap their head around that part. Which is why I think a negative income tax is better mechanism.
- distances 6y agoWouldn't negative tax mean that social programs would still be needed almost in the current scale to account for people with no income?