this post was submitted on 04 Nov 2024
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[โ€“] [email protected] 2 points 1 month ago (1 children)

First time hearing negative income tax but sounds like an idea i had after a nice walk after the edible kicked in lol

[โ€“] [email protected] 3 points 1 month ago* (last edited 1 month ago)

It's basically UBI, but with income caps. So if you make above a certain threshold, your benefits reduce and completely disappear by a second threshold.

Milton Friedman was a pretty notable supporter.