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As a percentage, the poor will have more money. It's pretty obvious that if there are 2 people, 1 with no money and the other with $5000, taxing everyone 20% of
by yunwal 3y ago
As a percentage, the poor will have more money. It's pretty obvious that if there are 2 people, 1 with no money and the other with $5000, taxing everyone 20% of their wealth and redistributing it evenly makes the first person better off.
- s1artibartfast 3y agoIf there is one house, one person will still be homeless. Ubi doesn't expand supply. You still have the same number of people fight for the house, you just bid up the price.
- yunwal 3y agoIf there are 2 houses, the second guy no longer buys his vacation home for 500. This is actually what the situation is in the US. There are more houses than people, they’re just too expensive.
- s1artibartfast 3y agoOr guy 1 and guy 2 both have 1000 more, so guy 1 still buys the second house, and the second guy uses Ubi to pay rent.