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.
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@scottsantens small question, what's GBI stand for? I know UBI but not GBI?
"When it comes to UBI, and you don鈥檛 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鈥檛 mean everyone鈥檚 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鈥檛. 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鈥檓 so sad for them."
-> Thank you very much for these very good answers!
#UBI#UniversalBasicIncome#BedingungslosesGrundeinkommen#IngresoMinimoVital
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