Wikipedia has a nice graph showing how UBI and NIT are effectively the same thing
https://en.m.wikipedia.org/wiki/Universal_basic_income
It's the same only if the income tax is linear, which is almost never the case ? Most places have progressive income tax rates.
For a given progressive income tax rate with UBI, you can make an equivalent progressive tax rate with NIT.
It's the same only if the income tax is linear, which is almost never the case ? Most places have progressive income tax rates.
For a given progressive income tax rate with UBI, you can make an equivalent progressive tax rate with NIT.