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That's obviously how it would play out. The way it works right now is that corporations for the work that you do for them give you money which you use to buy go
by devoply 8y ago
That's obviously how it would play out. The way it works right now is that corporations for the work that you do for them give you money which you use to buy goods from them. UBI makes it so that the government taxes corporations and gives money to consumers to buy things from them. How much money is entirely political but you can be assured that there will always be more need for growth and that consumers will always be told to tighten their belts. You will also never have enough money left over to invest or save a nest egg. So over time more income share will go to the top.
- tim333 8y agoThe other main way for it to play out would be to vote in some left wing style wealth redistribution. That kind of thing does happen. Maybe not just now but if Google and Amazon's AGI robots were taking over everything I could see a vote in that direction.
- tim333 8y agoLooking that up I don't think redistributive tax has to be left wing. Top income tax rates were 90%+ under Winston Churchill (Cons) and Eisenhower (Rep).