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I haven't done the math on this particular case, but I believe it is incorrect to say a UBI program will simply cost number-of-people multiplied by dollar-amoun
by hugs 7y ago
I haven't done the math on this particular case, but I believe it is incorrect to say a UBI program will simply cost number-of-people multiplied by dollar-amount. Income tax would likely go up, too, so top earners will likely "give back" that dollar amount they received in UBI when they pay their taxes.
- bsimpson 7y agoDid you read the bill? It says right in there that it's funded by a 10% VAT. I can't tell if you're hypothesizing about future taxes or just didn't read the bill.