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by ninalanyon
245 days ago
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The money comes from taxation. Another way of looking at UBI is simply as an adjustment to the tax system that shifts the baseline of the tax curve to that people with less than a certain income receive money instead of paying it. This probably works better in countries hat have a more nearly smoothly varying progressive tax rate than those like the UK which have just a few widely spaced thresholds. Then it is simply a case of adjusting the parameters of a fairly simple formula so that the total tax revenue is as it was before and that the minimum after tax income is something one can live on. The general idea is that in civilized countries you are paying out the money anyway, just less efficiently. |
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