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by foxyv 3318 days ago
We shouldn't be talking about a basic income until payroll taxes and income taxes have been eliminated for low to moderate income earners. In addition with federal interest rates at nearly 0% we could expect to be able to increase the federal deficit dramatically without impacting inflation other than an increase in interest rates.

As it is now, we are taxing middle class workers to subsidize our capital markets. A basic income is a great idea for a society in the distant future. However at the moment we have so much neglected infrastructure we could employ our entire economy for decades to come no matter what level of automation we reach.