The way I see it: EITC < NIT (Negative Income Tax) < UBI
EITC is what we got, it's means tested and has a work requirement. Take away the work requirement and we'd have a NIT like the one proposed by milton friedman in the 70s. And take away the means testing and we're at UBI.
EITC is what we got, it's means tested and has a work requirement. Take away the work requirement and we'd have a NIT like the one proposed by milton friedman in the 70s. And take away the means testing and we're at UBI.