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I accept your challenge. Canada top %1 does ~500k a year absolute min. Take all that and give it to the bottom 50% of the population. Thats 10k per person per

• HideousKojima 7y ago
  >Thats 10k per person per year. So if we tax the top 1% at 100%, we can give the bottom 50% enough to not even make rent in Toronto or Vancouver? See item 3 on my list. Also only giving the benefit to the bottom 50% is not universal basic income.
  • petermcneeley 7y ago
    The poor dont tend to pay the the rents of downtown Toronto. There is a number of reasons for this including government housing, roommates, living at home or with a partner. The actual total income at the %1 is certainly higher but may only be ~30-50% more (officially) As for not benefiting the upper 50% I think you might be arguing against some position that doesnt exist. UBI would not benefit everyone directly. In fact if your on the upper end of the spectrum it would dramatically hurt you. I would simply guess that it is the ideology of redistribution that you oppose, which is fine. But the math of this kind of redistribution works out. (The economics of it is a much more interesting question)