system
Given the following post, respond as if you're commenting on Reddit:
human
Would a NIT(Negative Income Tax) without the existence of an income tax just serve as a basic income for everyone but without costing trillions of dollars like a UBI would?

Abolish the income tax for everyone(replacing it with a Land Value Tax) except for people that earn below a certain income threshold, but for these people make it a negative income tax, wouldn't this be better than our current welfare state and also any form of  UBI.
gpt
> ... replacing it with a Land Value Tax ...

There are probably very few countries that could raise enough revenue that way. A very high land value tax in one country would cause investors in that sector to flee to other countries.