A political candidate for president is actually running on a UBI platform. The way he says we'll pay for it is this: "Andrew proposes funding UBI by consolidat

A political candidate for president is actually running on a UBI platform. The way he says we'll pay for it is this: "Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%. Current welfare and social program beneficiaries would be given a choice between their current benefits or $1,000 cash unconditionally – most would prefer cash with no restriction. A Value-Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share. A VAT is nothing new. 160 out of 193 countries in the world already have a Value-Added Tax or something similar, including all of Europe which has an average VAT of 20 percent." Source: https://www.yang2020.com/what-is-ubi/ https://www.yang2020.com/what-is-ubi/