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by dbsmith83 1829 days ago
Huge income tax evasion and money laundering. On a massive scale like we don't have today. It would be harder to detect
1 comments
nottorp 1828 days ago
If you're doing the negative income tax, yeah. If you do plain UBI, no, because it's an unconditional payment.
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dbsmith83 1828 days ago
We're not talking about hiding money obtained via UBI
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nottorp 1828 days ago
Then how will UBI encourage income tax evasion? You get it unconditionally so it won’t change anything…
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dbsmith83 1827 days ago
Again, we're not talking about UBI money, we're talking about money earned after UBI. Without UBI, people who work in cash businesses have to report a certain amount of income to justify their living expenses. With UBI, there is nothing to justify, and it makes it much easier to operate your own cash-only side hustles tax-free as long as you live in a place you can afford solely using UBI.
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