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Is it? UBI surely relies on taxes, which would evaporate if everyone retired early to live off their UBI.
by danparsonson 6y ago
Is it? UBI surely relies on taxes, which would evaporate if everyone retired early to live off their UBI.
- CathedralBorrow 6y agoAre you thinking of income tax as the only tax that exist?
- danparsonson 6y agoNo... corporation and dividend taxes require companies to be making profit, and companies almost always need working employees to do that, and sales tax only exists when people buy things - that's not happening anywhere near as much when everyone is only earning a basic income. What did I miss? And let's not forget there are still all the other public services to pay for. I can certainly see potential in the idea of UBI, but primarily as a means of support when it's needed, not as a spur to retirement at 35.