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Taxes would go up. But previously blocked productivity would be released, and socially desirable but marginal services would become viable.
by JulianMorrison 11y ago
Taxes would go up. But previously blocked productivity would be released, and socially desirable but marginal services would become viable.
- nostrebored 11y agoThat's a significantly more optimistic outlook than the idea that prices would inflate relative to the UBI stipend handed out. Particularly around staples like food, rent, etc.
- truphan 11y agoWhy would there be inflation? No new money is being printed to accommodate the extra income for the recipient, those funds are distributed by reallocating money already in circulation
- dragonwriter 11y agoAny redistribution is going to have some upward pressure on prices of goods demanded more by those receiving the redistribution than those who are, in net, paying it, and downward pressure on prices of goods demanded more by those paying the redistribution than by those who are receiving it. For most goods, the ratio of the new to old price should be less than the ratio of the post-distribution to pre-distribution income of the group demanding the item, though this may not be the case for, e.g., goods where there are monopoly rents being extracted.
- kybernetyk 11y agoWith high tax rates my perviously released productivity would get blocked though. I sure as hell wouldn't do the work I'm currently doing with a 80% tax rate attached.