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Eliminating poverty with a universal basic income: the devil is in the details

The stronger the earnings incentive in the form of a lower tax back rate on other income, the less adequate the benefit can be. The more adequate the benefit, the higher the tax back rate must be and thus the stronger the earnings disincentive becomes. That trade-off explains why the widely popular concept of a UBI has never been implemented anywhere as an ongoing program.

Opinion
BY MICHAEL HATFIELD
August 13, 2018

Opinion | BY MICHAEL HATFIELD | August 13, 2018

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