3 ms·
"Universal Basic Income" is a very confusing title. Obviously they would have to increase tax revenue. Fortunately, they have a good place to draw it from, sinc
by syrrim 7y ago
"Universal Basic Income" is a very confusing title. Obviously they would have to increase tax revenue. Fortunately, they have a good place to draw it from, since their citizenry just received a large windfall! In reality, most people would be no richer from a UBI, and many people would be poorer. Since it would replace already existing benefits systems, many of the poorest people would be no better off either. You might instead call it "Universal Baseline Income", since it guarantees that everyone has at least a certain amount of income. Obviously those that already have more than enough won't get anything extra.