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How is that? If anything it is an argument against UBI. From the article: „ As government transfer payments to low-income households exploded, their labor-forc
by dsnr 6y ago
How is that? If anything it is an argument against UBI.
From the article:
„ As government transfer payments to low-income households exploded, their labor-force participation collapsed and the percentage of income in the bottom quintile coming from government payments rose above 90%.“
„We are debating the alleged injustice of a supposedly growing social problem when—for all the reasons outlined above—that problem isn’t growing, it’s shrinking. Those who want to transform the greatest economic system in the history of the world ought to get their facts straight first.“
- selimnairb 6y agoI guess my point is that by including government payments in calculation of income inequality they are legitimizing the use of government payments to reduce inequality.