The Finance Ministry will require nearly all Thai citizens to file tax forms starting in 2027 to implement the so-called negative income tax system, according to Finance Minister Pichai Chunhavajira.
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.
The idea of a universal basic income (UBI)—an unconditional payment, without means-test or work requirement—has recently seen a resurgence of interest. Former US presidential candidate
Article orginally published on June 11, 2019 • The idea for a universal basic income, or UBI, is increasingly popular. • While it seems like
Proposing to give every American a basic income hurt George McGovern in 1972. Maybe it will work better for Andrew Yang. Photo: Bettmann Archive/Getty Images
