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dwc | 7 years ago

The money in (real) UBI comes from somewhere, obviously. It's not like everyone just has more money. If you can already afford the basics then it's going to come out of your money in taxes to a greater or lesser degree. So for people in a normal middle income range you pay and then get the money back. Higher income people would pay more and get back the same as you. Low income people would pay little or nothing and get the same back as you.

How that actually plays out in a market like ours hasn't (can't) been fully tested, but it seems a promising idea.

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d1zzy|7 years ago

Even if the money comes from somewhere, if a large percentage of the population suddenly has more money to spend then inflation happens. I've seen this happen every time the government of a certain Eastern European country decided to raise pensions, a large percentage of the population depends on those pensions. Every time they did that, inflation went up, so it only provided a temporary benefit to those people. But it's a cool electoral trick so it happened quite often.

pmiller2|7 years ago

Yes, the money has to come from somewhere, but the traditional form is that UBI distributions replace most or all other forms of social services. Right now, I'm paying out and receiving little or nothing back directly (and I am not arguing that I should -- I don't need, say, food stamps, or subsidized housing at the moment, but those programs should be there for those who do). Why wouldn't it be rational for my landlord to want my UBI money?