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The problem is that UBI only works if it's redistributive. If you don't change the income distribution, the distribution of goods and services doesn't change. I
by drabiega 11y ago
The problem is that UBI only works if it's redistributive. If you don't change the income distribution, the distribution of goods and services doesn't change. It seems to me like cost of living UBI + regressive taxation would just cause inflation with the UBI always lagging behind the newly higher costs.
- manyoso 11y agohttps://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7#.kz2s8ze9d https://medium.com/basic-income/wouldnt-unconditional-basic-...
- manyoso 11y agoBasically the point is that a VAT with a UBI tied to inflation WOULD be redistributive. It effectively nullifies the regressive portion of a VAT and ties the UBI to the overall productivity and cost of doing business of the nation.