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> If you have everyone in the US $10,000, no strings attached What you are missing is that UBI is supposed to replace all existing entitlement programs, such a
by sdinsn 6y ago
> If you have everyone in the US $10,000, no strings attached
What you are missing is that UBI is supposed to replace all existing entitlement programs, such as unemployment, disability, food stamps, social security, etc.
We already hand out tons of money, UBI is just a different way of handing it out money that is more efficient because there is less bureaucracy involved.
- refurb 6y agoRight, but we don't hand out money to people who don't qualify for it (income > $X), so it's a different situation. But to your point, I've heard a proposed UBI that gives money to everyone, but effectively claws it back in taxes for higher incomes. Actually it would claw 100% back and more in order to fund UBI. In that case, I could see the inflationary pressure not being an issue since net-net, you're just giving cash to a set group of people.
- tunesmith 6y agoNo it isn't. That's one possible approach for UBI but hardly the one that everyone agrees on.