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If you earn $75,000 privately and pay, say $20,000 in tax and then the government institutes a UBI of $15,000 and increases your taxes to $35,000, the only chan

If you earn $75,000 privately and pay, say $20,000 in tax and then the government institutes a UBI of $15,000 and increases your taxes to $35,000, the only change you are likely to see is an increase in competition for some types of goods and services. It's really odd to stand on the pretense that the UBI wouldn't (effectively anyway) be taxed.

sokoloff 4y ago
Of course it would be taxed. The math is laid out because many people seem to think this is couch cushion money. Today, about 57% of households pay no net federal individual income tax. That figure would only increase with UBI implemented as a negative income tax. Maybe it seems reasonable to some for the median household to receive money from the feds on top of the services they get today for free. That doesn’t seem stable and sustainable to me, neither economically nor politically.