4 ms·
> So in the end, UBI needs to be accompanied with some sort of tax reform, and isn't just about sending out checks to everyone (including Warren Buffet) on top
by nebabyte 9y ago
> So in the end, UBI needs to be accompanied with some sort of tax reform, and isn't just about sending out checks to everyone (including Warren Buffet) on top of the existing system.
Yes - and the tax reform, fundamentally, has to address the imbalance (colloquial 'income inequality') between the sectors that make money from money (tech, finance, law) and leech it away from people 'trapped' working within sectors that use money as their actual lifeblood (spending it on resources as much as they take in from their sales of goods or services).
Tire companies (or whatever) don't exactly create "cash hoards" quite like Apple - who have $250B just in their offshore fund (i.e. doing nothing for American citizens). The entire basis of this country is apparently this idea that jobs and taxes serve to make access to resources accessible to all; but taxes are written in the orders-of-magnitude wealthier realms that're all but blinded to what even a day in a poor slum looks like.