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> A UBI that’s financed primarily by tax increases would require the American people to accept a level of taxation that vastly exceeds anything in U.S. history.
by rlpb 4y ago
> A UBI that’s financed primarily by tax increases would require the American people to accept a level of taxation that vastly exceeds anything in U.S. history. It’s hard to imagine that such a UBI would advance very far, especially given the tax increases we’ll already need for Social Security, Medicare, infrastructure, and other needs.
The author's argument seems to revolve around the funding of UBI being unable to touch some categories of current spending ("as much as the entire federal budget outside Social Security, Medicare, defense, and interest payments"). But isn't UBI supposed to replace Social Security?