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Sam Altman-Backed Group Completes Largest US Study on Basic Income
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- evanjrowley 2y agoPerhaps the powers that be do not want autonomy and flexibility among the lower class.
- 999900000999 2y agoCombined with getting rid of all other welfare ( social security too, although I'm open to a higher retirement age UBI) I think a basic income is the way to go. Welfare programs are extremely expensive to run, UBI could also work as a defacto upfront tax cut. Say you owe 30k per year in taxes, 1k per month means you only really pay 18k per year. UBI + a flat tax. You shouldn't need a PhD to figure out what you owe the State. Let's say we set the flat tax at 30%, Billy makes 100k per year, after UBI his effective rate is only 18%.