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by quaquaqua1 2250 days ago
I was typing out a really long response to you with many if...then statements, but then I realized there are too many powerful agencies and institutions that don't want to give up their ability to tax/spend. Medicaid/Medicare, Social Security, IRS, all 50 states etc have defined (and flawed processes) and probably will refuse to give up control over welfare spending or tax revenue generation.

So if you can't completely start from scratch, then ultimately the only source of revenue for UBI would be to cut spending somehow (good luck convincing the Pentagon of that), or to generate additional taxation on businesses (which resulted in them moving crucial facilities to Mexico, Eastern Europe, India, China, etc)

At some point, the USA might be better off if we all have a dividend for every citizen based on our country's profit, like Alaska has currently.

This way it is not a guarantee how much you will make, but it is something.

1 comments

First off, it doesn't have to be funded. We have a fiat currency. However the extent that new dollars are to be offset because of fear of inflation (not an immediate concern given current deflationary trends), the a partial offset via a VAT tax could work.
I am for a UBI. I think it should replace bureaucracy generated by all these alphabet agencies. Funding sources can all be explored.

If we dont do this, surely robots will replace most jobs.