4 ms·

Quick conceptual question from a noob in the subject: does the UBI entirely replace social security for elderly individuals or is it added on top of it?

• evolve2k 7y ago
  UBI sets an income ‘watermark’ of basic income for all. I would say they interact. It would eliminate the pension where desired/planned pension funds were at a similar watermark.. if the pension needed to be more then it would supplement towards this.
  • akvadrako 7y ago
    What you are describing sounds like guaranteed income. UBI doesn’t phase out quickly so it would stack with similarly sized pensions. Larger pensions would see little extra money.
• ineedasername 7y ago
  That seems more like an implementation detail. It certainly could replace social security, but then again in the US social security payouts are tied to how much you've paid into it over the years. Then again, UBI would be paid for, albeit less directly, but tax payments as well so it might not be an important distinction. And of course it would be important to peg the UBI to different costs of living for different regions.
  • zozbot234 7y ago
    I'd do the opposite. Peg UBI to the lowest cost of living, and have separate short-term insurance-only programs (on top of UBI) for folks living in higher-cost areas. That way, those who are unwilling or unable to work in the longer term will be incented to move to low-cost areas and relieve pressure elsewhere.
    • ineedasername 7y ago
      I'm not sure I agree... literally not sure. It's an interesting idea though.