"Why Universal Basic Income Is the Answer to Poverty, Insecurity, and Inequality" — @scottsantens
Gabriele Svelto
boosted
"When it comes to UBI, and you don’t want those over $100k getting it, then just make sure those earning $100k pay more in new taxes than the amount of UBI."
[...]
"I also think people would be less worried about UBI and inflation if they realized that a $1300/mo UBI doesn’t mean everyone’s after-tax income goes up by that much. Everyone gets the same UBI but everyone does not pay the same amount of taxes for it. If you get $15k a year in UBI and your taxes go up $15k too, your disposable income goes up $0 which also means it cost the government $0."
Plus:
"As for drawbacks [...] For example, domestic abuse often drops significantly, both partner abuse and child abuse. An abuser may see that as a drawback, but I don’t. Another example is high interest lending. In some experiments, the loudest complainers are moneylenders who can no longer find people willing to take out loans with 500% interest rates. Oh no, I’m so sad for them."
-> Thank you very much for these very good answers!
#UBI#UniversalBasicIncome#BedingungslosesGrundeinkommen#IngresoMinimoVital
A reporter reached out to me last month with questions about Universal Basic Income that required hours of my time to answer. Here are all the answers I wrote to all the questions, none of which ended up being published by them.
"When it comes to UBI, and you don’t want those over $100k getting it, then just make sure those earning $100k pay more in new taxes than the amount of UBI."
[...]
"I also think people would be less worried about UBI and inflation if they realized that a $1300/mo UBI doesn’t mean everyone’s after-tax income goes up by that much. Everyone gets the same UBI but everyone does not pay the same amount of taxes for it. If you get $15k a year in UBI and your taxes go up $15k too, your disposable income goes up $0 which also means it cost the government $0."
Plus:
"As for drawbacks [...] For example, domestic abuse often drops significantly, both partner abuse and child abuse. An abuser may see that as a drawback, but I don’t. Another example is high interest lending. In some experiments, the loudest complainers are moneylenders who can no longer find people willing to take out loans with 500% interest rates. Oh no, I’m so sad for them."
-> Thank you very much for these very good answers!
#UBI#UniversalBasicIncome#BedingungslosesGrundeinkommen#IngresoMinimoVital