2 ms·
Um I'm pretty sure the practical and legal definition of income is simply money received. Why would a stipend not count as income?
by pnloyd 8y ago
Um I'm pretty sure the practical and legal definition of income is simply money received. Why would a stipend not count as income?
- dmfdmf 8y agoI would argue that ignoring or evading the distinction between earning your money and it being handed to you or just taking it from someone is the height of the impractical. > Why would a stipend not count as income? For the purposes of the IRS perhaps it does count as "taxable income" per the IRS code but that is not what we are talking about here. There are only three possible cases regarding money you receive; you earn it through voluntary trade of goods or services with others, you take money from others without their consent, i.e. theft or you receive a voluntary gift from others for reasons and standards determined by the giver, i.e. charity. That is it. UBI tries to obfuscate these important moral distinctions.