2 ms·
What you say is completely true. One thing that advocates will say is that this will work once energy is free. Things may very well cost fractions (1/10?) of to
by snarf21 10y ago
What you say is completely true. One thing that advocates will say is that this will work once energy is free. Things may very well cost fractions (1/10?) of today once energy is free. It also may make automation completely more possible at scale.
However, the other issue with UBI is that the to pay this we need all the taxes today to create this $3T but if no one is working because they have UBI where does this $3T come from?
That is always the problem with complete socialism, who pays for it?
I personally think the best way to address the inequality is to keep leveraging the EITC. Make it no federal taxes or complete refund for all households under $50K and keep raising it until it works. Earn under $25K, no federal taxes plus $1K flat BI. Don't want to work or can't work, you get $2K per month flat. (Numbers need more thought, used for illustration.)