{"insight":{"id":"101119966","lede":"\"The NIT was shown to positively affect the academic test scores of children in some sites and increase high school completion rates by as much as 25% to 30% in others (Hanushek, 1986).\"","slug":"nit-was-shown-to-increase-high-school-completion-rates-by-as-much-as-25-to-30","title":"NIT was shown to increase high school completion rates by as much as 25% to 30%.","showTitleAsQuote":null,"epistemicStatus":"empirical","reports":[{"id":"19519421","title":"Basic Income","slug":"basic-income"}],"tags":[{"slug":"education","name":"Education","id":"101119962","lede":"","ledeExcerpt":"","featured":null},{"slug":"stability","name":"Stability","id":"23916385","lede":"

We define stability as the resiliency, robustness, and constancy of our nested social, financial, and environmental systems. Stability is the degree to which our systems can withstand stress and maintain their functionality over time.

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Why do we need stability? All else equal, a stable society is preferable to an unstable society. Stability - the product of the harmonious interaction between parts, or interwoven systems - protects against uncertainty and decay. For example, a healthy body regulates its blood glucose levels to provide cells with their required energy. Too much glucose makes cells sticky, with a paralyzing effect. Too little glucose starves them. What's important is the constancy of glucose regulation within functional limits, and the resiliency to maintain this regulation amidst adversity.

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Instability occurs when systems transgress functional limits, causing the breakdown of other systems and suffering for those who depend on them. When interlocking systems remain stable, they provide a fertile foundation for positive expectations that fuel investments in progress and broad cooperation throughout society.

\n","ledeExcerpt":"We define stability as the resiliency, robustness, and constancy of our nested social, financial, and environmental systems. Stability is the degree to which our systems can withstand stress and maintain their functionality over time. \n\nWhy do we need stability? All else equal, a stable society is preferable to an unstable society. Stability - the product of the harmonious interaction between parts, or interwoven systems - protects against uncertainty and decay. For example, a healthy body regulates its blood glucose levels to provide cells with their required energy. Too much glucose makes cells sticky, with a paralyzing effect. Too little glucose starves them. What's important is the constancy of glucose regulation within functional limits, and the resiliency to maintain this regulation amidst adversity.\n\nInstability occurs when systems transgress functional limits, causing the breakdown of other systems and suffering for those who depend on them. When interlocking systems remain stable, they provide a fertile foundation for positive expectations that fuel investments in progress and broad cooperation throughout society.","featured":true},{"slug":"negative-income-tax","name":"Negative Income Tax (NIT)","id":"23932842","lede":"

Negative Income Tax (NIT) is a form of basic income that phases out as recipient earned income rises. NIT is composed of an "income floor" and a "phaseout rate". The income floor is the amount of cash a recipient with $0 of earned income receives. The phaseout rate is how much the cash benefit is decreased per additional dollar of earned income.

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For example, consider an NIT with an income floor of $13,000 and a phaseout rate of 50%. A citizen with no income would receive $13,000 per year, often broken up into monthly payments. If the citizen gets a part-time job and begins earning $20,000 per year, they would still receive $3,000 per year in NIT benefits.

\n","ledeExcerpt":"Negative Income Tax (NIT) is a form of basic income that phases out as recipient earned income rises. NIT is composed of an \"income floor\" and a \"phaseout rate\". The income floor is the amount of cash a recipient with $0 of earned income receives. The phaseout rate is how much the cash benefit is decreased per additional dollar of earned income.\n\nFor example, consider an NIT with an income floor of $13,000 and a phaseout rate of 50%. A citizen with no income would receive $13,000 per year, often broken up into monthly payments. If the citizen gets a part-time job and begins earning $20,000 per year, they would still receive $3,000 per year in NIT benefits.","featured":null}],"sources":[{"id":"101119724","lede":"This article proposes that advocates for the poor consider the replacement of the current means-tested safety net in the United States with a Negative Income Tax (NIT), a guaranteed income program that lifts families’ incomes above a minimum threshold. The article highlights gaps in service provision that leave millions in poverty, explains how a NIT could help fill those gaps, and compares current expenditures on major means-tested programs to estimated expenditures necessary for a NIT. Finally, it addresses the financial and political concerns that are likely to arise in the event that a NIT proposal gains traction among policy makers.","link":"https://www.tandfonline.com/doi/abs/10.1080/10875549.2014.991889","slug":"expanding-the-discourse-on-antipoverty-policy-reconsidering-a-negative-income-tax","kind":"Academic Paper","title":"Expanding the Discourse on Antipoverty Policy: Reconsidering a Negative Income Tax","year":"2015-01-01","researchers":[{"id":"101119720","location":"University of Michigan","name":"Jessica Wiederspan","seoDescription":"","slug":"jessica-wiederspan"},{"id":"101119722","location":"University of Michigan","name":"Elizabeth Rhodes","seoDescription":"","slug":"elizabeth-rhodes"},{"id":"101119723","location":"University of Michigan","name":"Luke Shaefer","seoDescription":"","slug":"luke-shaefer"}]}]}}