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UBIs are presumably funded by taxes though, which take at least as much money out of circulation as it puts back in. Given the prevailing climate of weak consum
by hx87 10y ago
UBIs are presumably funded by taxes though, which take at least as much money out of circulation as it puts back in. Given the prevailing climate of weak consumption and overinvestment/savings glut that's likely to continue as long as the process of automation and outsource to low-labor-cost countries does, increasing demand isn't a bad thing at all.
- DougN7 10y agoThat's an interesting thought. If automation and outsourcing keep happening, that should decrease the tax base as fewer people have work. That means less money to go to UBI. That sounds like a completely separate problem.
- hx87 10y agoThat's because taxing "work" is a silly idea when most work is done by machines and/or cheap foreigners. In the former case you tax wealth/production, and in the latter you tax imports.