Comment by RivieraKid
9 years ago
It's basic income branded in a way that's more attractive for economically right-wing people (aka "capitalists").
9 years ago
It's basic income branded in a way that's more attractive for economically right-wing people (aka "capitalists").
If you want to brand basic income in a way for conservatives, advocate for a Negative Income Tax (Friedman's idea) as an alternative to welfare bureaucracy.
Basic income isn't like Negative Income Tax at all. The core idea of BI is that no matter how much money you make you always get the BI, it's "basic".
NIT is just moving the progressive tax system into negative values, which means you subsidize the poor but once you make enough money you won't get subsidized.
> Basic income isn't like Negative Income Tax at all.
UBI is identical to NIT. The names are different framings of the concept, but the policy is identical and widely recognized as such, which is why the experiments frequently referred to tests of UBI are also the ones characterized as tests of NIT.
> NIT is just moving the progressive tax system into negative values
“Progressive” refers to marginal rates, which remain non-negative in NIT; NIT just has a flat personal refundable credit (which is equivalent to a flag annual payment) included. Which is exactly what a UBI is, except the payment in some forms of UBI is outside of the tax system, but that implementation detail is irrelevant: whether it's called a tax credit or a non-tax payment is still the same thing.
5 replies →
Take the NIT situation, with a set of people i=1,..,N paying some amount X_i (maybe negative) of taxes. Now give all of them the same basic income BI, while changing the taxes paid [received if negative] by each of them to Y_i=X_i+BI. Do yo see the equivalence?
4 replies →
The difference between this and standard UBI proposals is that standard UBI gives everybody a certain fixed amount of money, whereas this gives everybody a certain percentage of GDP.
On the nose. Reads like he picked up a copy of Lakoff's "Don't think of an elephant!"and is attempting to apply framing theory. Great job sans the lack of details–though that in itself is probably intentional.
It's useful to try out different metaphors and see what sticks.