21–30 of 669 posts
Earlier quoted context omitted.
Negative income tax? Does that mean the government pays me to work?
Yes-ish. But your employer knows. And he might immediately apply "you'll need less money from me, now" logic.
It's not enough for a real tuition or to support them to study instead of work.
I don't think we've ever had a universal basic income test. We have always missed the universal and basic part. It's below basic and not at all universal.
I suspect that you need to get international cooperation and a more sophisticated form of money and resource tracking for a real UBI to be feasible.
This is a pretty generous reading of the study. One result they are missing out is that the income actually reduced overall employment compared to the control group, and ended up decreasing household earnings: https://www.nber.org/papers/w32719 Even with a generous reading, it was an extremely expensive study. And similar proposals like the Negative Income Tax would cost far less money and have none of the presented…
> They also worked less on average but remained engaged in the workforce and were more deliberate in their job searches compared with a control group.
$1000 is not enough to quit their jobs or get a nice apartment. They could move slightly closer to work if they have to commute. It's not enough for a real tuition or to support them to study instead of work. I don't think we've ever had a universal basic income test. We have always missed the universal and basic part. It's below basic and not at all universal. I suspect that you need to get international cooperation…
This is a pretty generous reading of the study. One result they are missing out is that the income actually reduced overall employment compared to the control group, and ended up decreasing household earnings: https://www.nber.org/papers/w32719 Even with a generous reading, it was an extremely expensive study. And similar proposals like the Negative Income Tax would cost far less money and have none of the presented…
Why is it some shock-horror thing that people worked less? I think, for those who imagine AI taking a vast swath of jobs (like Altman), the aim for basic income is to get people working less but without this resulting social/work disengagement (whether AI will have that effect is a different matter).
Exactly. If I have to have 3 jobs, then with this money I "only" work 2 jobs, I'm working less but almost certainly have a better quality of life.
This is a pretty generous reading of the study. One result they are missing out is that the income actually reduced overall employment compared to the control group, and ended up decreasing household earnings: https://www.nber.org/papers/w32719 Even with a generous reading, it was an extremely expensive study. And similar proposals like the Negative Income Tax would cost far less money and have none of the presented…
It all depends on how you tweak the numbers; in theory a negative income tax and a guaranteed income cost exactly the same amount. A guaranteed income of $1200 taxed at a marginal rate of 50% is just the same as a marginal tax rate of -50% on an income of $400. That being said, there are some pretty big negative externalities to a negative income tax, in the sense that it even further overburdens the tax system with knowing people's exact monthly income (assuming monthly payments), which is not-at-all straightforward for the poorest taxpayers whom presumably such a system would be designed to most help.
Earlier quoted context omitted.
Negative income tax? Does that mean the government pays me to work?
I think something like this already exists in the U.S. It's called the Earned Income Tax Credit. Low income people may get a tax credit that could result in a bigger refund. Effectively, some people are getting money they woudln't be getting without working. It makes a lot of sense, imo. https://www.irs.gov/publications/p596
$1000 is not enough to quit their jobs or get a nice apartment. They could move slightly closer to work if they have to commute. It's not enough for a real tuition or to support them to study instead of work. I don't think we've ever had a universal basic income test. We have always missed the universal and basic part. It's below basic and not at all universal. I suspect that you need to get international cooperation…
Earlier quoted context omitted.
Negative income tax? Does that mean the government pays me to work?
Yes-ish. But your employer knows. And he might immediately apply "you'll need less money from me, now" logic.
$1000 is not enough to quit their jobs or get a nice apartment. They could move slightly closer to work if they have to commute. It's not enough for a real tuition or to support them to study instead of work. I don't think we've ever had a universal basic income test. We have always missed the universal and basic part. It's below basic and not at all universal. I suspect that you need to get international cooperation…