4 ms·
Realistically you may be correct - however, it is within the realms of possibility that enabling poor people to take part in the economy will drive value creati
by psd1 3y ago
Realistically you may be correct - however, it is within the realms of possibility that enabling poor people to take part in the economy will drive value creation, and that this increase to the tax base could fund UBI.
Stock buy-backs don't create any value, or, if they do, it is obscure to me. You may get a one-time bump in capital gains tax, but it's nothing to build an economy on.
A million new dishwashers, though - that's taxable profit and increased emploment. Could UBI drive a virtuous cycle in which everyone gets richer? It certainly looks from here like inequality fundamentally shrinks the pie, even if it works out nicely for some eaters.
- kyleee 3y agoA very fair question, but the possibility of such happenings could probably not be used for the initial funding stream
- psd1 3y agoAgreed; it's a ridiculously optimistic projection and should not be the basis for advocacy.
- misja111 3y agoEnabling poor people to take part in the economy will increase some value creation. But most governments already do that in some form or another.