Executive Director Sam Bowman's comments on a Negative Income Tax feature on the Mail Online
Executive Director of the ASI, Sam Bowman, has had his comments on a negative income tax featured on the Mail Online.
Sam Bowman at the Adam Smith Institute explains that NIT is ‘a form of welfare that replaces most existing welfare schemes with a single payment that supplements the income of the unemployed and low-paid’.
‘The payment is withdrawn as your earnings increase, ideally at a gradual enough rate that increasing your earnings (and hence reducing leisure time) is always worthwhile,' he adds.