3 ms·
Hypothetically they'd get rid of a lot of welfare programs and just institute a negative tax, which has a smooth curve upwards. More money always means you make
by codemac 6y ago
Hypothetically they'd get rid of a lot of welfare programs and just institute a negative tax, which has a smooth curve upwards. More money always means you make more, just maybe not linearly.
UBI can do this too - it's not clear to me what the practical differences between UBI and "negative income tax" are.
- kwhitefoot 6y agoThe advantage of UBI is that everyone gets it. Of course the puritans who believe that someone is only worth what a job gives them object that only those earning should get paid so some people regard this as a disadvantage.
- codemac 6y ago> The advantage of UBI is that everyone gets it. As opposed to a negative tax rate below some amount? Why would everyone not get that? I guess it just feels like there are two equations that can be made equal so easily: UBI_POLICY(income) = income + ubi_income - progressive_tax(income + ubi_constant) NIT_POLICY(income) = income - progressive_tax(income) + negative_tax(income) income + ubi_income - ubi_progressive_tax(income + ubi_constant) = income - nit_progressive_tax(income) + nit_negative_tax(income) ubi_income - ubi_progressive_tax(income + ubi_constant) = nit_negative_tax(income) - nit_progressive_tax(income) which seems a super easy thing to make equal. Is it the payments to folks that are different?