3 ms·
> The question is how many people making 200k will, given the option, take the free 20k and not work, therefore paying no taxes. A lot of people making 200k+ h
by skissane 3y ago
> The question is how many people making 200k will, given the option, take the free 20k and not work, therefore paying no taxes.
A lot of people making 200k+ have grown accustomed to the kind of lifestyle that income enables (nice house, nice car, nice restaurants, foreign vacations, sending their kids to private school, etc)-and couldn’t afford to keep doing that on 20k. Given the choice between 200k job and 200k lifestyle, and no job and 20k lifestyle, I think the majority of people already accustomed to the first option would choose to continue in it. Also, a lot of people on 200k+ already have more than 20k of savings/investments, so if they are willing to run those down, they could choose the no job/20k lifestyle today, no need to wait for UBI-yet few do.