- A Seattle basic income pilot gave low-income residents $500 a month, nearly doubling employment rates.
- Some participants reported getting new housing, while others saw their employment incomes rise.
- Basic income pilots nationwide have seen noteworthy success, despite conservative opposition.
I don’t know the answer.
The universal part of Universal Basic Income has always had this sticking point with me. Will Gates, Bezos and Musk also receive UBI?
Yes, but only because it would cost more to exclude them. For no added cost we can just add it to their taxes so it comes out neutral.
Thanks. That makes sense. So you can so do the same tax trick with other levels of earning.
Yup. At the theoretical middle we’d just tax 50% of the UBI, and so on.
Absolutely they would. Everyone would.
Of course taxes would rise to cover it, so the average person would be absolutely no better off than they are now.
In return the really poor get some breathing room, and we can kill all the “money grabbing dolescum” discourse around claiming benefits. People with low outgoings who just want a break from the treadmill can take it.
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