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Many UBI proposals include a heavier progressive income tax or a tax on wall street. Even if UBI is given to everyone, the income stream weighs heavier on the m
by creatornator 7y ago
Many UBI proposals include a heavier progressive income tax or a tax on wall street. Even if UBI is given to everyone, the income stream weighs heavier on the more wealthy (or at least those paying more in taxes). Money is commutative, you can't just look at UBI in a vacuum without also considering the proposed sources of income to pay for it.
- sova 7y agoThis ignores friction of money entirely. Let's truck fuel to the far ends of the empire only to truck it back. Plus, giving to all dilutes the value of the fund and concentrates wealth back into the hands of the affluent over time. "Money is commutative" nope money ain't math, ten dollars passed ten times among ten friends is $100 of GDP, that is not commutativity.