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I admit that I don't know that much about basic income but had assumed that everyone would be "better off" by the same amount. Others in the thread have kindly
by dcw303 11y ago
I admit that I don't know that much about basic income but had assumed that everyone would be "better off" by the same amount. Others in the thread have kindly informed me that is not the case, and that taxation will take out the benefit for higher earners.
I must say that doesn't sound very "universal" to me.
- littletimmy 11y agoEven if we give $30,000 to EVERYONE, the poor will be more better off than the rich because $15,000 to $30,000 is a much bigger jump than $400,000 to $415,000. But the price of basics is not going to change that much because everyone buys them already. The "universal" part is that this is a universal floor on living standards that applies to everyone.