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Richard Nixon was the closest a president has ever been to implementing UBI and one of the biggest proponents for UBI was Milton Friedman through the negative i
by least 4y ago
Richard Nixon was the closest a president has ever been to implementing UBI and one of the biggest proponents for UBI was Milton Friedman through the negative income tax.
- gruez 4y ago>one of the biggest proponents for UBI was Milton Friedman through the negative income tax. A negative income tax is most definitely not UBI. You still have to work to get it, therefore it's not universal. It's a pure wage subsidy program.
- least 4y agoThat is simply not true. If you did not work you would file an income tax with 0 earned income and be eligible for basic income up to the percentage of the break even point. If the break even point was 10k at a 50% rate a person with 0 income would be entitled to 5k.
- akvadrako 4y agoNIT and UBI are exactly the same, mathematically. You don't need to work to get it – instead your income starts negative.