A proper income tax credit system, which adjusts based on income, is also the solution to eliminating the regressive, backward minimum wage approach that simultaneously punishes low skill labor and small businesses the higher you raise it.
It's also vastly superior to the basic income, which is extremely regressive as it gives money to everyone, including the very well-off top 1/3.
This is a bit of a silly conversation. UBI would obviously have to come with a restructuring of the tax levels, so UBI and Negative Income Tax are mostly the same in terms of outcomes. The difference is in presentation.
By the way, negative income tax is not the same as a tax credit. That's quite different, since a tax credit can only be offset against taxes you owe, and is therefore very regressive, since the poor already pay little income taxes.
It's also vastly superior to the basic income, which is extremely regressive as it gives money to everyone, including the very well-off top 1/3.