6 ms·
"But, how do you convince the upper classes (who control the capital) to support it?" This is a red herring. It's easy to assuming that such an enormous undert
by JonFish85 10y ago
"But, how do you convince the upper classes (who control the capital) to support it?"
This is a red herring. It's easy to assuming that such an enormous undertaking can be solved by "tax the rich". It doesn't work that way. There isn't enough money in the top 1% of the United States to pay for such a program. Inevitably a UBI would be paid for by the middle class, the meaty part of the bell curve.
This means people who took on debt loads to become a doctor, lawyer, whatever, and have worked hard to pay it down (and probably still are paying it down). $250k/yr sounds like a lot, but when you're paying back $400k worth of loans, it's really not as exorbitant as it sounds to many people -- especially if these same people are trying to buy a house, save for their kids' college, etc.