2min chapter

The Bayesian Conspiracy cover image

88 – UBI and Other Forms of (Evil?) Taxes

The Bayesian Conspiracy

CHAPTER

The Negative Income Tax

Negative income tax is if you make underneath a certain amount of money, the government gives you money. The thing is when the government moves money, it does it in a leaky bucket. So however much you take from the rich people, you will have to give less than that to poor people. But in the real world where we have to actually make this policy work, UBI comes out looking a lot worse. And that's my big reservation about it.

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