NIT costs the same money but has more distortions that UBI tries to get rid of.
It maintains the problem where the more you earn the more the benefit is clawed back, not as steeply as many current welfare transfers where they can top 80% fewer benefit dollars for every extra dollar earned, but still something. That is on top of the standard taxes taken out of earnings.
Remember, it’s not a problem giving wealthier people the same dollar value of a UBI, that money is clawed back anyway through a progressive taxation system, with less attention that needs to be […]
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