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How is this different from unemployment checks? An issue with that approach is that you may end up giving more $$ than the person could earn from any job they
by scryfish 8y ago
How is this different from unemployment checks?
An issue with that approach is that you may end up giving more $$ than the person could earn from any job they could take, effectively forcing them to stay jobless
- sergiosgc 8y agoUnemployment checks usually stop once the person has a new job. UBI does not. It does not create an incentive to stay jobless, or does so to a much lesser degree [1]. If I get $400 in UBI and $500 in salary, the only loss is that I am paying higher taxes on the $500 than I would be in a non-UBI society. This behaviour also results in the fact that, even though taxes are higher, those in the lower revenue rungs still come out ahead in an UBI society vs a non-UBI scenario. [1] There is a minor incentive caused by the decreasing utility value of money: The first $100 you earn are much more valuable than the $100 you earn on top of $5000. UBI moves the salary revenue a bit up in this scale, thus making it less valuable.