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BI would get marginally smaller the more money you make. Not a steep cutoff like current services for poor, but it would probably be taxed as income so someone
by cm2012 9y ago
BI would get marginally smaller the more money you make. Not a steep cutoff like current services for poor, but it would probably be taxed as income so someone making 20'l,000 gets the full 7k, someone making 150k makes 3.5k.
- bduerst 9y agoIs this Sam Altman's version of UBI? Because I've heard everything from what you're saying, to negative income tax, and to flat, unweighted income for everyone.
- astrocat 9y agoIsn't the whole point of UBI that it isn't progressive, but rather universal? Otherwise, it's essentially just another form of progressive income tax, where the bottom of the scale is a negative income tax. Right?
- frgtpsswrdlame 9y agoWell UBI is going to be funded by a progressive income tax regardless. We can toss "Universal" around all we like but the reality is that the rich are going to net lose and the poor will net win.
- kim_waxkoz 9y agocompletely wrong and frankly im shocked you have the gaul to think so
- maxerickson 9y agoThe universal part just means there's not much process associated with it, you just get the payment.