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With the right tax structures, it would end up focusing on giving money to lower income individuals. You have an increased progressive taxation structure such t
by Chathamization 9y ago
With the right tax structures, it would end up focusing on giving money to lower income individuals. You have an increased progressive taxation structure such that for upper-middle income people the UBI is a wash (IE, someone making $100,000 a year is getting and additional $12,000 from UBI but paying $12,000 more than they would have before).
The reason why UBI works well is because it's a cash handout (like the other person said, you're not specifying the needs of the individual), it's a universal and not means tested program (you don't have to go through a bureaucratic maze every time you become eligible), and it's instantaneous for people who have sudden changes in fortune (IE, the income stream is already set up).