4 ms·
I am a big fan of Friedman and I think the negative income tax is probably the best form of UBI since it doesn't create much disincentive to find work. The numb
by least 4y ago
I am a big fan of Friedman and I think the negative income tax is probably the best form of UBI since it doesn't create much disincentive to find work. The numbers would have to be just so which can be tricky, which does make it a bit more complicated. There is of course some concern about how you'd implement a negative income tax and how that kind of thing could reach the homeless.
- millimeterman 4y agoA negative income tax is equivalent to UBI combined with increased taxes on mid to top bracket earners. There are some practical concerns such as potential administrative waste from having to distribute and then immediately tax away UBI money or ensuring that NIT is set up to not strain the already extremely tight liquidity/cashflow of low income households (also a problem with the EITC). > There is of course some concern about how you'd implement a negative income tax The machinery for this already exists due to the EITC. Expanding it to people without employment is a valid concern, but tax rebates based on income are not a totally foreign idea.