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Not everyone gets it, even with proper UBI. Anyone with a job making more than X amount will be losing more money due to additional taxes than gained from thei
by randyrand 9y ago
Not everyone gets it, even with proper UBI.
Anyone with a job making more than X amount will be losing more money due to additional taxes than gained from their UBI cheque.
But if UBI was self funded (endowment system) we could fix that problem.
- mrfusion 9y agoExplain how it could be self funded? Sounds too good to be true.
- gremlinsinc 9y agoI think this might be what they mean: Has anyone explored the idea of funding UBI with bequests? Similar to how a university builds up an endowment via donations, and that endowment funds the day to day operations of the university, we could start a "UBI endowment" and encourage people to leave money to it when they pass. It would pay out very little at first, but over time think (50-100 years) we might accumulate enough wealth in the endowment to provide a healthy basic income. Income accrues to the owners of capital. Currently, the world's capital is held very unevenly. Over time, humanity as a whole should become the owners and beneficiaries of its capital. Bequests to a UBI endowment could be a fairly apolitical, non-radical, non-disruptive way to slowly make this important transition. Source: https://www.reddit.com/r/BasicIncome/comments/6lnumz/funding_a_ubi_endowment_with_bequests/ https://www.reddit.com/r/BasicIncome/comments/6lnumz/funding...