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A comment on A Dutch city is giving money away to test the basic income theory. Parent comment

Re:A Dutch city is giving money away to test the basic incom... by moonchrome on Thursday July 02, 2015 @04:58PM (#9821581)
https://en.wikipedia.org/wiki/Negative_income_tax

>Negative income taxes can implement a basic income or supplement a guaranteed minimum income system.

IIRC it was proposed as a simplification of the means tested welfare. Basically NIT is the most realistic funding for Basic Income I've seen - but it's irrelevant - the incentives stay the same the only difference is that it screws over regular people a little less (depending on how it's funded, I'm unconvinced by any "tax the rich" scheme).

Anyway I was interested in this stuff in college when I took my intro econ classes I never looked in to it further but I'm 100% sure NIT is a basic income scheme.

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Re:A Dutch city is giving money away to test the basic incom... by JupiterMoon on Thursday July 02, 2015 @05:45PM (#9821903)
Sighs. You really don't get it do you.

Basic income (NB not minimum income!, not negative income tax!) is not means tested at all. No means test period. Everyone gets it. From the beggar to the millionaire. This is a totally different concept to means tested benefits. The proposal is a so called universal benefit.

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