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by tomohawk 2647 days ago
When people focus on inequality, are they doing so because they love the poor and want to do something for them, or because they hate/envy the rich? Too often, it's the latter.

Instead of UBI, a negative income tax is a much better approach. There's a lot of info out there about it, but here's a nice intro:

https://m.youtube.com/watch?v=xtpgkX588nM

1 comments

In some ways we already have that with the earned income tax credit: https://en.m.wikipedia.org/wiki/Earned_income_tax_credit
Ya, the EITC is a negative income tax. But it should probably be expanded, it's a great policy.
> Ya, the EITC is a negative income tax

EITC is a hybrid normal and inverse means-tested, and also behavior (by source of income) tested, welfare program managed through the tax system that was loosely inspired by negative income tax, but it is not actually a negative income tax.

Aka a form of negative income tax.