[manigandham]

UBI and NIT are two different systems that provide the same minimum income guarantee. Saying they both provide a min income is obvious. That's what they're designed to do.

However the way they do it is very different and that's what changes everything. NIT guarantees min. income without just paying everyone. This costs less than UBI. NIT pays a (negative tax) bonus on the first dollars instead of immediately taxing earnings. This provides more motivation. Not giving everyone the same helicopter money prevents cost of living inflation. This provides better purchasing power.

How you provide the income is more important the final amount because the economy is an interconnected system with secondary effects. This is why Friedman recommended NIT instead of UBI. The mechanics of the system matter.