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Counterplan competes.

Noah Smith 1-23-2018; former assistant professor of finance at Stony Brook University; A Basic Income for Everyone? It's Not a Crazy Idea; Bloomberg; https://www.bloomberg.com/opinion/articles/2018-01-23/a-basic-income-for-everyone-it-s-not-a-crazy-idea; DL

One potentially helpful analog is the negative income tax. This is where a government guarantees you a certain minimum income, which it takes away gradually as you start earning more money on the job. Negative income tax is not a basic income, since it’s not unconditional -- the phase-out of benefits acts like an income tax, which economic theory says should discourage work. But it’s a good starting point for thinking about universal basic income, because if a negative income tax doesn’t discourage work very much, then a similarly sized UBI almost certainly wouldn’t.

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