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by amluto 3672 days ago
I've never understood why subsidies like this almost always come with income phaseouts. What's wrong with giving everyone a basic income? People who make a lot of money would more than repay it in taxes, and taxes would have to go up on higher earners, but that's not a real problem.
2 comments

> People who make a lot of money would more than repay it in taxes, and taxes would have to go up on higher earners

Doesn't that amount to the same thing?

The difference is you have to make more money first.

"Phase out" means middle income people receive lower benefits in exchange for higher income people paying lower taxes. It's just a code word for screwing over the middle class.

I didn't write the article and I am not for the so called UBI. I am very much against it. I am willing to be convinced otherwise, and the start of this article sounded not crazy to me, but I stopped at reading at some point because later remarks reflected enormous cognitive dissonance in the writer, suggesting they really haven't thought it through and full of baloney.