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> It comes from spending the money. No, it comes from taxing people outside the experiment.
by luckylion 7y ago
> It comes from spending the money.
No, it comes from taxing people outside the experiment.
- neilwilson 7y agoNot in financial terms. The money comes from the circulation. It's all just a money illusion. It passes tax points as it is spent and re-earned. The real goods and services comes from outside the experiment. Scratch any UBI scheme and you'll find (i) a tax credit system in disguise because the amount isn't enough to live on (ii) a currency lock with an area that doesn't receive the payment and who fill the goods and services deficit, or (iii) a set of people who don't receive the payment (usually due to a qualifying period), and who fill the goods and services deficit.