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Opinion: Basic income is less radical than you think

Opinion: Basic income is less radical than you think

I’ve been following debates on guaranteed income for almost a decade, and one thing that’s stood out is that universal basic income (UBI), a regular cash payment to all citizens with no strings attached, is like a Rorschach test.

UBI vs. Negative Income Tax

UBI vs. Negative Income Tax

An NIT sounds very different from a UBI because, well, it sounds like a tax, not a benefit! But as we’ll see, in most circumstances, the two are mathematically equivalent.