The Core

Why We Are Here => Economics & Investing => Topic started by: ergophobe on February 17, 2017, 11:30:18 PM

Title: How UBI comes to America - the Obamacare repeal
Post by: ergophobe on February 17, 2017, 11:30:18 PM
From an article on the Republican plan to replace Obamacare

QuoteSome conservatives say they oppose the idea because it could amount to a new government subsidy by allowing people to receive a larger credit than they pay in taxes.

https://www.bloomberg.com/politics/articles/2017-02-17/conservatives-object-to-obamacare-replacement-s-tax-credits

So, is a tax credit, that everyone gets, even if it's greater than the taxes they pay, a UBI? Maybe not, because I suppose the credit phases out beyond earnings and is not available if you have insurance through an employer, etc etc. Still, thought LM might be interested.
Title: Re: How UBI comes to America - the Obamacare repeal
Post by: Drastic on February 18, 2017, 01:17:51 AM
Yeah that's one way to word/approach it and it gets by the general public. Especially since some get more back more than they pay in now.