One of the key points of UBI is that it is universal, meaning everyone gets it regardless of their own means.
If you take it away from people who work then it’s just un/underemployment support and it discourages people from taking low paid jobs and breeds resentment towards recipients.
Where does it come the budget for that type of UBI? Two options:
-Taxes: then workers do not actually get the UBI as the same amount of money that goes in goes out. It’s just a convoluted way for getting the exact same result as just giving the money to the poorest to begin with.
-Printing money: knock! Knock! Who is it? hyperinflation!
-Tax, but just the rich!: If you want to tax the rich tax the rich. No need for a UBI excuse to do so.
Yes, some people are going to pay more in taxes than they get in UBI. But with UBI you raise the bottom level of income in society so that everyone is able to live. Then people can supplement UBI by working an amount which fits them. Nobody has to work 60 hours a week just to be able to live. And you should also have tax thresholds set so that people don’t pay as much in income tax as they get in UBI as soon as they start working - more/better paid work should always make you better off.
In the end yes the rich will have to pay more towards it because UBI is inherently a form of wealth redistribution.
One of the key points of UBI is that it is universal, meaning everyone gets it regardless of their own means.
If you take it away from people who work then it’s just un/underemployment support and it discourages people from taking low paid jobs and breeds resentment towards recipients.
Where does it come the budget for that type of UBI? Two options:
-Taxes: then workers do not actually get the UBI as the same amount of money that goes in goes out. It’s just a convoluted way for getting the exact same result as just giving the money to the poorest to begin with.
-Printing money: knock! Knock! Who is it? hyperinflation!
-Tax, but just the rich!: If you want to tax the rich tax the rich. No need for a UBI excuse to do so.
Yes, some people are going to pay more in taxes than they get in UBI. But with UBI you raise the bottom level of income in society so that everyone is able to live. Then people can supplement UBI by working an amount which fits them. Nobody has to work 60 hours a week just to be able to live. And you should also have tax thresholds set so that people don’t pay as much in income tax as they get in UBI as soon as they start working - more/better paid work should always make you better off.
In the end yes the rich will have to pay more towards it because UBI is inherently a form of wealth redistribution.