Hacker News new | ask | show | jobs
by nottorp 1822 days ago
If you're doing the negative income tax, yeah. If you do plain UBI, no, because it's an unconditional payment.
1 comments

We're not talking about hiding money obtained via UBI
Then how will UBI encourage income tax evasion? You get it unconditionally so it won’t change anything…
Again, we're not talking about UBI money, we're talking about money earned after UBI. Without UBI, people who work in cash businesses have to report a certain amount of income to justify their living expenses. With UBI, there is nothing to justify, and it makes it much easier to operate your own cash-only side hustles tax-free as long as you live in a place you can afford solely using UBI.