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Isn’t the point of UBI that it’s balanced by income tax increases? Everyone would receive £1,600 / month, but the high earners would pay that much more in taxes
by pavlov 3y ago
Isn’t the point of UBI that it’s balanced by income tax increases? Everyone would receive £1,600 / month, but the high earners would pay that much more in taxes, so they wouldn’t have any extra money to spend on massive houses.
- zdragnar 3y agoNot in this study; the thirty participants aren't paying more in taxes. At the end of the day, the only conclusion they will reach is "people like free money."
- mytailorisrich 3y agoI don't get the benefit of giving everyone money just to take it all back from 80%+ of people over giving money as needed as the welfare state does now.
- Ekaros 3y agoBecause giving money as needed is expensive process. Quite a lot of paperwork to process and this can happen relatively often.
- mytailorisrich 3y agoThat's easy to claim. I'd like to see actual numbers and I doubt UBI proponents only want to make admin savings! More bluntly: I call BS on that argument.