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by mc808
3750 days ago
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UBI just lifts the wealth distribution curve up a bit so the long tail approaches something above zero. You could also call it a "tax prebate" as in the FairTax proposal if that's more palatable. The poorest poor are going to get their basic necessities somehow, whether it's by participating in the economy or by digging through your garbage or your garage. |
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I live in a society that has in effect a basic income (not very efficiently run, but that is another topic) and it allows the ultra rich and famous to walk around without fear. I have on more than one occasion met billionaires on the street who were wandering around without bodyguards or security. Once you have everything money can buy this is priceless.