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by hehehaha 1962 days ago
With UBI, people will be more selective in their job search. With negative tax rate not so much since you would need to work in order to benefit. I am not a fan of them because they will simply push out cost of living and the poor will be back in same relative economic disadvantage. The only realistic solution I see is free education even into adult age.
3 comments

I'd argue that this is a feature, and not a bug. It gives the lower-income worker leverage to walk away from a bad job without fear of starvation.
Yup. If all jobs have to compete with the null-job, then there will be no jobs worse than just getting up to your own devices.
Absolutely, this is one of the most important reasons to have it IMO.
> With negative tax rate not so much since you would need to work in order to benefit

This is not how NIT works. You can read this for an intro:

https://www.scottsantens.com/negative-income-tax-nit-and-unc...

You still need to work and have income. If I am missing something I’d love to know.
NIT means your income starts in the negative. So if you don't work you have -10k income, for example. With a 10% tax rate you'll get 1k back.
I don't think people talking about a negative income tax are aligned behind it being non refundable.