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ignoring the political acceptance of it, UBI would end up tax neutral for many. You also have to change the way you tax and create a wealth tax. ie, if you ima
by keithnz 4y ago
ignoring the political acceptance of it, UBI would end up tax neutral for many. You also have to change the way you tax and create a wealth tax. ie, if you imagine the wealth distribution in a country, and overlay income tax, you will see it doesn't match wealth distribution, so you need tax models that tax wealth and match your tax take to the wealth distribution (not that you can do this perfectly, but just need something that tracks better). This would make the majority of people better off, politically that's a good thing. Businesses follow market forces, more people with more money should create opportunities for more competition. Where it can be problematic is where there is a limited resource, like housing, it could push rents up, however, it may also give people more opportunity to move out of cities, so hard to know how that would play out.