Re:Universal basic income seems to improve employment and we...
by dragonwriter on Monday August 24, 2020 @10:10AM
(#24260799)
> > NIT and UBI funded by progressive income taxes are identical policies.
> Not really, because under UBI, literally everyone would get money from the government
Yes, really; every possible NIT is exactly equivalent to some combination of UBI + some configuration of rates of positive income tax brackets in a progressive system.
> With NIT, some people would get money, some would pay no taxes, and some would pay taxes.
With a UBI in a system that also has progressive income taxes, some people would get net money, some people would break even between UBI and taxes, and some people would pay net taxes.
> Not really, because under UBI, literally everyone would get money from the government
Yes, really; every possible NIT is exactly equivalent to some combination of UBI + some configuration of rates of positive income tax brackets in a progressive system.
> With NIT, some people would get money, some would pay no taxes, and some would pay taxes.
With a UBI in a system that also has progressive income taxes, some people would get net money, some people would break even between UBI and taxes, and some people would pay net taxes.
UBI + progressive income taxes = NIT.