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"UBI is attempting to cloak itself in free market rhetoric, but it's bullshit." I'm not a fan of UBI - but it's not 'bullshit' in the manner it's presented. U
by edblarney 10y ago
"UBI is attempting to cloak itself in free market rhetoric, but it's bullshit."
I'm not a fan of UBI - but it's not 'bullshit' in the manner it's presented.
UBI is really a 'negative income tax' - and it was first proposed by 'Milton Freeman' - a super-duper free market capitalist.
If you take progressive taxation, then make the lower ends negative - you have UBI. The concept came from economists - not socialists.
But yes - it is being promoted as 'yet another form of redistribution' - but it is in many ways more economically sensible than some other ideas.