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If UBI is paid for by taxes, the money supply hasn’t changed.
by mjirv 4y ago
If UBI is paid for by taxes, the money supply hasn’t changed.
- jfjfmfmmf 4y agoWhat if those taxpayers move?
- jen20 4y agoIf you’re a U.S. citizen: it doesn’t matter. You’ll pay already. Whether this is OK is a different question.
- neilwilson 4y agoExcept it isn’t. UBI is paid for by workers producing items that they are then prevented from consuming so that those who refuse to take part in production can do so instead. In other words it is a monetary illusion. The workers can’t be allowed to be any richer because there isn’t any extra production they can consume with that extra money. Money supply is a flow, not a stock. There isn’t a fixed amount of money.
- dragonwriter 4y ago> UBI is paid for by workers producing items that they are then prevented from consuming so that those who refuse to take part in production can do so instead. This is true exactly as much as it is true with “capitalism” in place of “UBI” (particularly if the UBI is, in the more direct sense, funded by taxes on capital.)