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UBI can work if and only if you can curb monopoly private taxes (real estate rents, fees, tips). Otherwise any money handed out freely to people end up immediat
by snidane 5y ago
UBI can work if and only if you can curb monopoly private taxes (real estate rents, fees, tips). Otherwise any money handed out freely to people end up immediately eaten up by monopoly private taxes for having no competition to level prices down.
Case in point: give out $1000 dollars in UBI, expect rents increase by about that amount within the next 2 years as current leases expire.
To implement UBI you must first get of private taxes one by one, then reduce the public income and consumption taxes and then with much of the costs lifted up off the middle class you realize you have a society that is freed up of (feu)dal taxes again and doesn't need any welfare nor UBI anymore.
- beeboop 5y ago>Case in point: give out $1000 dollars in UBI, expect rents increase by about that amount within the next 2 years as current leases expire. I see no evidence that this would be the case