3 ms·
I think I'd still prefer a negative income tax over a UBI. Functionally they have the same result. But giving everyone money and clawing some of it back via tax
by legitster 3y ago
I think I'd still prefer a negative income tax over a UBI. Functionally they have the same result. But giving everyone money and clawing some of it back via taxes I think introduces unnecessary political liabilities and accounting headaches.
- SV_BubbleTime 3y agoNegative tax, or not universal assistance seems quite reasonable. But like anything other tax system changes, it is basically impossible. No one is going to have the will or capitol to reform the tax system even to this degree. Too many vested interests. It’ll either have to be over a long enough timeline that technology or small movements eventually get there… or it’ll take war. I feel like the only reason solution to debt and China is going to be war.
- charlie0 3y agoWhy would going to war solve anything? We'd have to print more money to support war, which would put us in greater debt.
- SV_BubbleTime 3y agoCheck history my man. War is inevitable, and gives people a cause and a reason to reset things. Especially true for unsustainable, insurmountable things, like the US debt.
- jnwatson 3y agoThe US already has a negative income tax in EITC. In fact, the implementation of the EITC is the biggest argument against it; it had so many conditions as to be less effective.