Mathematically, this is equivalent to a small UBI.
Or vice versa. UBI requires lots of people to implement it. A simpler income tax rate doesn't.
What's nice about it is you could basically just get paid post-tax from every income source, and they all know to subtract 10%, and the government would just need a simple web portal for you to claim back your first 25k.
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Or vice versa. UBI requires lots of people to implement it. A simpler income tax rate doesn't.
What's nice about it is you could basically just get paid post-tax from every income source, and they all know to subtract 10%, and the government would just need a simple web portal for you to claim back your first 25k.