Re:A Basic Income Is Smarter Than a Minimum Wage
by kinghajj on Monday April 04, 2016 @03:44PM
(#11424839)
Aren't UBI proposals designed so that those who earn more than the yearly stipend from employment don't receive it?
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Re:A Basic Income Is Smarter Than a Minimum Wage
by bufordsharkley on Monday April 04, 2016 @03:52PM
(#11424925)
The key to the UBI is that there is no means test (which introduces bad incentives, etc).
UBI with means testing is known as the Guaranteed Minimum Income.
Re:A Basic Income Is Smarter Than a Minimum Wage
by earlz on Monday April 04, 2016 @03:57PM
(#11424978)
No, UBI is everyone receives X amount of money, no questions asked. The theory is that the tax increases etc balance this out for the middle class so that they effectively earn the same amount of money with the UBI income