I agree, though I prefer the Negative Income Tax formulation over Universal Basic Income, for the simple reason that there’s a lot less bookkeeping (only need to pay out for people making <$X). Ensure everyone is over the poverty line whether employed or not and we can eliminate the minimum wage and people will likely be better off since they can pursue their passions (which they’ll likely be a lot more productive at) instead of doing whatever makes enough money.
I agree, though I prefer the Negative Income Tax formulation over Universal Basic Income, for the simple reason that there’s a lot less bookkeeping (only need to pay out for people making <$X). Ensure everyone is over the poverty line whether employed or not and we can eliminate the minimum wage and people will likely be better off since they can pursue their passions (which they’ll likely be a lot more productive at) instead of doing whatever makes enough money.