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by dragonwriter 2123 days ago
> > 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.

UBI + progressive income taxes = NIT.