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by luckylion
2233 days ago
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> UBI removes high marginal tax rate from poor households. How so? I understand the "it's the same, just with less bureaucracy" camp wants everybody to get UBI, but everyone that's not below a certain threshold will essentially pay all of the UBI back via increased taxation. So if you get $1000 in welfare now and you earn money, this changes the amount of welfare you receive. I understand that. How does that change if you get $1000 in UBI and for every buck you make, you'll pay essentiall $1 in taxes? You'll still only actually have more money when you're > $1000 on income. |
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