3 ms·
> Of course UBI will create new money Not at all. In a lot of countries it's not possible to arbitrarily create money out of nowhere. Most proposed UBI implem
by goodpoint 5y ago
> Of course UBI will create new money
Not at all. In a lot of countries it's not possible to arbitrarily create money out of nowhere.
Most proposed UBI implementation replace the existing welfare and a plethora of financial aids, programs and tax reliefs, leaving the overall tax rates roughly similar to the existing one.
https://en.wikipedia.org/wiki/Universal_basic_income https://en.wikipedia.org/wiki/Universal_basic_income