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The idea behind a basic income is that it is funded through a land value tax, not income tax. UBI is not an income redistribution scheme. It is a method for p
by ende 11y ago
The idea behind a basic income is that it is funded through a land value tax, not income tax. UBI is not an income redistribution scheme. It is a method for paying out to society the 'rent' charged to land owners for the privilege of owning land at the expense of the commons.
- metasean 11y agoNo, the idea behind a basic income is that it "is a form of social security system in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere." (from https://en.wikipedia.org/wiki/Basic_income https://en.wikipedia.org/wiki/Basic_income). One possible way to fund it is through a land value tax. Another possible way to fund it is through income tax.
- JoeAltmaier 11y agoA real simple way is to print money. Really! That devalues the currency, but remember the 1% will be hit the hardest by that.
- dllthomas 11y agoThe 1% are the most capable of finding stores of value that are not tied to the value of the dollar.
- JoeAltmaier 11y agoMaybe under some proposals. But its definitely not the only way.