4 ms·
UBI would have to be paid for with taxes on incomes (or spending) not wealth, and incomes are much more evenly distributed, so everyone currently paying taxes w
by nickff 6y ago
UBI would have to be paid for with taxes on incomes (or spending) not wealth, and incomes are much more evenly distributed, so everyone currently paying taxes would have to pay substantially more. If you try to pay for UBI with wealth taxes, your funding stream will rapidly dry up.
I am not saying it is impossible, I am just saying that UBI would not be paid for by the ultra-wealthy, and it's not clear that the middle-classes want to pay for UBI.