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by SmokyBourbon
1971 days ago
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Andrew Yang: > I am a huge fan of a negative income tax, but I prefer a UBI for multiple reasons. It lowers the administrative burden because you don’t need to figure out how much I made last year. It removes any strange shenanigans in terms of trying to report a low income. It alleviates a payments timing issue — you’re not likely to get your negative income tax when you might need it. And politically, I think it’s more appealing to be able to say to everyone: You have intrinsic value. This is how much you get for being an American, [a] human being. |
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The universality of UBI is key to its political viability. Just look at the number of people who are against forgiving college debt because they have already paid off college or are past the stage in their life in which they are personally concerned about college debt. Most people still view "fairness" as everyone being treated equally. So just give everyone an equal amount of money.