|
> why do such proposed initiatives come with significant tax increases on the population? This depends on your definition of "population." If you consider billion dollar multinationals as part of the population, then yes, there are significant tax increases. You mention a wealth tax - first off, that's not a Yang policy, and I'm not aware of any prominent politicians pushing a wealth tax and UBI at the same time. However even if we consider Elizabeth Warren's wealth tax, that only kicks in once you start making over $50M / year, and there just aren't many people doing that. Is it really a significant increase if it only targets a few thousand people out of 330 million? > Your analysis should theoretically support a net decrease in spending on welfare Not exactly. It supports a net decrease in spending on welfare administration. Plenty of people, especially those leaning right-wing / libertarian / "small government", absolutely loathe the idea of useless government jobs, even though they would agree with purpose of the program (i.e. feeding the homeless, paying out unemployment, taking care of the elderly, etc.) Even though spending would go up (although not really on the individual level, as AnthonyMouse points out), the political popularity of UBI would far surpass that of any individual social program, ensuring that it stays around for a long time and remains untampered. We are finding out how critical this is now, where states like New Jersey ended up having garbage unemployment programs due to ineffective management and states like Florida purposefully made applying for unemployment as difficult as possible to dissuade people from trying (to make their labor force numbers look better). The only social programs that have this "legendary" reputation among the public that protects them appear to be Social Security and Medicare: nobody can run and win on a platform aimed at destructing either. Destructing UBI would also be very difficult: people tend to get very angry when you promise to pay them, and then don't! |