3 ms·
UBI isn't a redistribution scheme, it's meant to be that everyone gets money, regardless of need. Obviously if a government takes away $1000 and "gives" you $10
by repolfx 7y ago
UBI isn't a redistribution scheme, it's meant to be that everyone gets money, regardless of need. Obviously if a government takes away $1000 and "gives" you $100 back, that's no different from your perspective to no UBI and slightly lower taxes.
UBI as suggested can't possibly ever work without being massively inflationary. It is indeed economic nonsense.