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Your understanding of universal income is broken. Everybody receives a monthly income, regardless of them working or not. The incentive to earn more by working
by jupp0r 3y ago
Your understanding of universal income is broken. Everybody receives a monthly income, regardless of them working or not. The incentive to earn more by working is always there.
- SoftTalker 3y agoNot if employers are taxed so much to fund UBI that they hire fewer workers. The ability to work and earn more is contingent upon enough jobs existing. What would really happen is they would raise their prices to earn the amount of profit they deem necessary to be worth the trouble of being in business. Everything gets more expensive, and the UBI payments won't be enough to live on.
- mantas 3y agoPeople would still pay taxes ;) UBI is essentially a negative tax. If you make nothing - you get some money. If you make some - there's a breaking point somewhere where you pay more taxes than is UBI. If UBI was a cushy amount covering more than the bare basics, low-tier jobs would pay a very small premium over pure UBI.