3 ms·
> "UBI comes from tax money though." Not necessarily. It's quite possible to have UBI be part of the money creation process. In order to understand this approa
by ZenoArrow 10y ago
> "UBI comes from tax money though."
Not necessarily. It's quite possible to have UBI be part of the money creation process. In order to understand this approach, it's useful to understand how money is currently created. I'd recommend the 4 minute video found here as a starting point:
http://positivemoney.org/ http://positivemoney.org/
New money is necessary for our current economy to function. Making UBI part of the distribution of this new money makes it possible to get spending power directly in the hands of all citizens, as well as doing so without raising money through taxation.