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Dustin comments on General Bitcoin discussion thread (May 2011) - Less Wrong
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Comments (50)
The problem is not including a link to said arguments.
Google negative income tax and read the article...
Naz I think you are a little off though. the negative income tax is an implementation of a few possible implementations of a basic income system. Friedman liked it because it was better then normal welfair or the progressive tax we have. He wanted a flat tax. He did not particuly want the NIT, he wanted less welfair overhead and a flat tax.
If you do not have an income tax you can not use a negative income tax to implement a basic income.
Falkvinge is coming from the other direction. He is saying we will be forced to have a flat tax (VAT) because of bitcoin and that in order to still have wellfair we will need to implement a basic income, his citizens income.
It is all crazy talk though.