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> the benefits include a prosperous economy and stable political environment their bank operates in. Can you back your claim with facts? UBI is universal, not
by drran 5y ago
> the benefits include a prosperous economy and stable political environment their bank operates in.
Can you back your claim with facts? UBI is universal, not magic.
> I expect to pay and continue paying a lot,
Just say a number, so we will put it into formula to see is your expected taxation will match minimum requirement for UBI.
Typical wealth distribution without UBI:
^
|
|
| *
| * *
| * *
| * *
| * *
|* * * *
+------------------------------------------------>
^ - number of people, > - income
Typical wealth distribution with UBI:
^ *
|
|
|
|
|
|
|
| *
| *
| *
| *
| * * *
+--U------------------------------------------->
^ - number of people, > - income, U - UBI level
Please notice, that area (sum of n*i) of both graphs must be same, i.e. you cannot just print money like in computer game.
As you see, UBI erases middle class. Everyone becomes poor, except some rich.
- tomrod 5y agoWhile I appreciate the great efforts to put hand-waving FUD via terminal histogram graphics for insertion into comments[0] (seriously, great job!), your point that the middle class is guaranteed to implode is nonsensical. The US already has a non-zero UBI[1], it's simply inefficiently distributed via the negative income tax rate and various welfare efforts. That's a clear first area to fix things up. Then, if we need to increase the historically low tax rates on high income households or implement capital tax rates on the wealth, increases in taxes can be considered. Further, from a theoretical perspective, the economy is not zero-sum. A rising tide lifts all boats; if less money has to be doled out to industries supporting enforced poverty, such as private jail systems among others, then there is more money in the economy for utilization for many things (including but not limited to UBI). General equilibrium effects often have counterintuitive effects, such as they are. [0] https://xkcd.com/386/ https://xkcd.com/386/ [1] https://en.wikipedia.org/wiki/Universal_basic_income_in_the_United_States https://en.wikipedia.org/wiki/Universal_basic_income_in_the_...