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Your concern about UBI giving money to the very rich doesn't make sense. They'll be given $12k, but they're paying, let's say, $500k in taxes. And if taxes need
by ericd 7y ago
Your concern about UBI giving money to the very rich doesn't make sense. They'll be given $12k, but they're paying, let's say, $500k in taxes. And if taxes need to be raised to cover this, then they'll be paying much more than $12k more to do it. Meanwhile, a poor person would be given $12k, and they're paying $0 in taxes.
Same reason it's nonsense to complain about including rich people in free healthcare, college, etc.
When you try to means test things, you end up needing much more administrative machinery, and you end up with weird discontinuities where it can be better not to work so you don't get cutoff from benefits and end up worse off overall.
- stazz1 7y agoYou are sincerely suggesting that means testing for 42% of the population is more costly than tracking if 100% of citizens got their UBI yet. The machinery costs the same per person whether it is dispatching a 1000 dollar check or 12000 dollar check, so fewer participants is better in optimization on that accord.