|
|
|
|
|
by chrisco255
2156 days ago
|
|
Sure it does. In this case the money for UBI has to come from somewhere. It will come in the form of extremely high taxes. If the government gets to keep more than 50% of your income, then they are a majority shareholder in your individual output. They retain extraordinary power and control over you. And that could ratchet up all the way to 100% theoretically under the UBI system. There really is nothing stopping it from happening other than voter sentiment. There might not be favorable sentiment now, but sentiment can change. But I do suspect that if you implement such a system, society will become dependent on that system. And it will be ratcheted up to pander to populace. It would be a powerful tool for politicians to garner favor. I've seen it done in other countries that openly embraced socialism and populism. It ends in economic catastrophe for nearly everyone. |
|