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> If [UBI] comes from collecting taxes then the people who receive it have more money, but the people who pay the tax have less, which more or less cancels out.
by nybble41 7y ago
> If [UBI] comes from collecting taxes then the people who receive it have more money, but the people who pay the tax have less, which more or less cancels out.
It doesn't cancel out because the people receiving the UBI tend to buy different goods than the people paying the tax. Fewer people bidding up prices on yachts and capital, more people bidding up basic goods and services.