@Jonathan_Blow Another way to think about basic income is to simply say that you want to add a constant term into your income equations. It's really not complicated or weird. If an equation for income was f(?) before, f'(?) = f(?) + C now.
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C is essentially a reformulation of tax in a manner that the amount of tax you pay is not always >= 0
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Not exactly? Tax is a function of your other income, so it is (at least) linear, never constant. It's like f(x) = a*x. Basic income is a fundamentally different equation - like f(x) = a*x + b. Right? It's not that different from just saying "let's switch from linear to affine".
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The good thing with universal income is that it’s easy to set up, and it doesn’t encourage people to lie about their incomes. Mix it with money creation redistribution and I feel that we wouldn’t even need other tax.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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People completely accept the idea of a basic de-income (i.e. taxes). And they accept that below a certain amount you pay nothing. It's bizarre they can't accept that hey maybe below that "pay zero" level, the tax amount flips sign as well?
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Negative income tax! https://en.wikipedia.org/wiki/Negative_income_tax …
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