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by amelius 3128 days ago
Where UBI provides a lower-bound on income, and preliminary experiments are showing that it has no detrimental effect on the economy, perhaps we should think about the opposite.

It may sound like a bad idea that might put us in a communistic economic order, but just like UBI, we can perform experiments to see if a universal income-limit, UIL, has any negative impact.

But okay, Bezos will probably not be a proponent of that idea.

1 comments

It seems better to just have an actually progressive tax system. Effective tax rates on the rich are really low in the US right now. If there is an income limit there really is no incentive to make any more money so a progressive tax will probably give you a lot more taxes.
> If there is an income limit there really is no incentive to make any more money

Yeah, but for long people were convinced that UBI does not stimulate people to work, but that is just not how it works (experiments show). If the incentive is there at the lower end, why not at the higher end? Why don't we run that experiment as well?

We might find out that if somebody is focused only on money, he or she does not make a good CEO. So the impact may be even better than just a financial one.