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The basic premise is that everyone is taxed some percentage of their income and then they are paid back some flat amount. For those (probably) in the middle cla
by pinkythepig 10y ago
The basic premise is that everyone is taxed some percentage of their income and then they are paid back some flat amount. For those (probably) in the middle class, this tax/payment will be exactly the same. You pay X per year and gain X per year in benefits. For those who make less than that, they will end up earning more from the payment than they pay in to the system. Those who earn more money than that will pay more into the system than they receive back in benefits.
>Do only certain people qualify for basic income?
The good part about it is that everyone qualifies for the exact same payment, this reduces the cost of administering the program significantly. No need to fill out forms, check if you are covered, prove you make under a certain amount, or talk to 20 different agencies, the only thing that has to be confirmed is that you are a legal resident.
- tomjen3 10y agoOn the pay side, sure. Presumably the IRS would still check that I payed my (now presumably higher) tax payments? So you don't really save anything there.
- TeMPOraL 10y agoYou presumably save the whole pay side of bureaucracy - some people argue that this alone could finance a significant fraction of BI.
- pmorici 10y agoIf those people aren't employed by the bureaucracy aren't they themselves going to be on basic income?
- TeMPOraL 10y agoPresumably yes (them or people they displace from the job market). But people are only a fraction of operating costs - you have databases, rents, material expenditures, etc. Also in case of top bureaucrats I'd expect their salaries to be higher than BI, so the delta is part of the money saved.
- pmorici 10y agoSure, those reductions in costs are going to hit someone's bottom line.