4 ms·
Between these sorts of experiments and the effects of the U.S. stimulus payments, I think we have a growing body of evidence indicating that some type of UBI is
by jaredcwhite 5y ago
Between these sorts of experiments and the effects of the U.S. stimulus payments, I think we have a growing body of evidence indicating that some type of UBI is not only fully compatible with a traditional understanding of capitalism, but can actually enhance the positive effects of capitalism on the middle class (i.e. grow it, instead of shrinking it).
The problem, of course, is that the story around taxation will have to change dramatically. Think the endless debate over whether the 1% are paying their fair share is tiresome now? That's nothing compared to the upcoming fight to make any progress whatsoever on progressive tax rates at the high end of the spectrum in order to fund UBI.