tintory@lemm.ee to politics @lemmy.world · 9 months agoWhy Republicans are fighting the basic-income programs many cities and states are adopting: 'Is money a birthright now?'www.businessinsider.comexternal-linkmessage-square89fedilinkarrow-up1395cross-posted to: politics@beehaw.org
arrow-up1395external-linkWhy Republicans are fighting the basic-income programs many cities and states are adopting: 'Is money a birthright now?'www.businessinsider.comtintory@lemm.ee to politics @lemmy.world · 9 months agomessage-square89fedilinkcross-posted to: politics@beehaw.org
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up19·9 months agoI think that’s a misconception. UBI is not free money for all. There will not be appreciably more money sloshing around. Taxation will be balanced around the average earner giving back the same amount of money in tax as they get in UBI. People below average will be better off. People above average will be worse off. People way up in the 0.01% will be considerably worse off. Guess which of those groups keeps inventing new reasons why UBI won’t work.
I think that’s a misconception. UBI is not free money for all. There will not be appreciably more money sloshing around.
Taxation will be balanced around the average earner giving back the same amount of money in tax as they get in UBI.
People below average will be better off. People above average will be worse off. People way up in the 0.01% will be considerably worse off.
Guess which of those groups keeps inventing new reasons why UBI won’t work.