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The best argument that I've heard for universal basic income appeals to my reason, and I'm a pretty hard-core libertarian on most issues. For it to work, we sh
by cpursley 11y ago
The best argument that I've heard for universal basic income appeals to my reason, and I'm a pretty hard-core libertarian on most issues.
For it to work, we should move away from taxing production (income) to progressively taxing consumption (sliding scale from basics -> luxury).
Until the "punish the rich" (left) and "eat the poor" (right) finger-pointing politics is removed, we're not going to be able to solve problems.
- chiaro 11y agoThe general libertarian argument for a UBI (or NIT, which I favor) is that a sufficient guaranteed supplementary income allows for government programs like the pension and unemployment benefits to be replaced, removing the need for large administrative bodies making sure money goes only to those who meet the entitlements. The rationale for minimum wage also rests on their being a minimum amount of money needed for survival and a maximum number of hours in which to earn it; if people are no longer working these jobs in order to simply survive, the need for a minimum wage is lessened.