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> And to distribute $1,000 per month, you are gonna have to collect way more than $1,000 per month You might want to check your math there but I'm glad you sai
by microwavecamera 7y ago
> And to distribute $1,000 per month, you are gonna have to collect way more than $1,000 per month
You might want to check your math there but I'm glad you said it. This is a popular misconception of universal basic income. It's an investment not an expense. People who receive basic income immediately spend it on taxed goods and services provided by businesses who in turn pay taxes on their profits. Businesses in turn use the added profits to expand, consuming more taxable goods and services and creating additional jobs which minimize reliance on public services like universal basic income and allows comsumers to purchase more taxable goods and services. Wash, rinse, repeat. Ultimately it's a net gain for the economy as a whole.
- hartator 7y agoThe $1,000 per month doesn't come from nowhere. The government has no way to create additional value from thin air. It will have been spent in the economy anyway. And every time governments try to steer the economy in a certain way the overhaul it create far overweight any upsides. So it's negative feedback loop, not a positive one.
- akvadrako 7y agoThe advantage of UBI and why it's supported by well-known libertarians, is that it involves less steering than other social programs.