4 ms·
This is missing perhaps the most controversial part of the Universal Basic Income: that it's funded by the same population that it's helping I prefer the idea
by dec0dedab0de 11y ago
This is missing perhaps the most controversial part of the Universal Basic Income: that it's funded by the same population that it's helping
I prefer the idea of basic income taking the place of debt for the creation of money. This way the tax is in the form of inflation, and everyone gets to directly benefit from the creation of new money instead of just the banks and those blessed by the banks.
- Turing_Machine 11y agoThat's how it was handled in some of Heinlein's stories. The government calculated the value of new goods and services that had become available, then issue that amount of new money as direct payments to the people. Done correctly (yeah, right), that wouldn't be inflationary at all (although it seems like you'd also need some mechanism to claw the money back if the economy shrank).