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> 1) As defined above, this is horribly inefficient and expensive. I, a software engineer in Silicon Valley, would receive this $10k. How does this benefit soci
by Mahn 11y ago
> 1) As defined above, this is horribly inefficient and expensive. I, a software engineer in Silicon Valley, would receive this $10k. How does this benefit society? I already make over $100k; I don't need additional income support.
So give basic income only to people doing less than the basic income, and take it away once you are doing more. That's how it's been implemented in some countries, and I don't see any reason not to follow this scheme.
- plainsight 11y agoThe point is that determining who is worthy or not is difficult and just giving it to everyone reduces administrative costs. Tax rates for high earners can be increased so above a certain point the benefit would be outweighed by additional taxes.