3 ms·
> If it’s given to everyone then you’re going to be subsidising the wealthy while cutting support for the poor. Supporters want it because they dream of playing
by joshuamorton 3y ago
> If it’s given to everyone then you’re going to be subsidising the wealthy while cutting support for the poor. Supporters want it because they dream of playing xbox all day.
The usual idea is that you increase (progressive) taxes such that there is some income level at which you net zero, because you are taxed an additional amount equal to the UBI.
As the other person said, the key reasoning for UBI is that you avoid a lot of forms of means testing (which prevent eligible people from getting access to the resources) and administrative costs (in terms of reviewing eligibility requirements) which can make things less efficient.