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You seem to be assuming an externally funded basic income. This may be true for the pilot, but once implemented "in production", a basic income would be funded
by djrobstep 10y ago
You seem to be assuming an externally funded basic income.
This may be true for the pilot, but once implemented "in production", a basic income would be funded through taxation, and so wouldn't increase the total amount of cash at all, just shift it about.
- brobinson 10y agoThis is the one thing I haven't seen anyone talk about yet. What would the additional tax burden be on the median household? Would their tax burden be lower because the BI is replacing all the other welfare programs they are currently subsidizing?
- konschubert 10y agoDepends on how you calculate, but pretty sure the minimum income would be more expensive that the current welfare programs. Somebody has to pay it. Now, the question who pays it is a political one. One might also hike the taxes for the higher income brackets only.
- konschubert 10y agoYou are right, but the conclusion is the same: The minimum income takes from the rich and gives it to the poor.