alt Hacker NewsAnd "proper" UBI will never actually be tried, at least not on any significant scale. Because if you actually run the numbers you'll see that the level of taxation required plus the inflationary effects make the whole scheme unworkable.
And "proper" UBI will never actually be tried, at least not on any significant scale. Because if you actually run the numbers you'll see that the level of taxation required plus the inflationary effects make the whole scheme unworkable.
Taxation and inflation are 2nd order effects. There's a deeper underlying reason.
The point of work is to produce the things we need to live. Somebody's gotta grow the crops, drive the trucks, mop the floors, crunch the numbers, process the paperwork, write the code, whatever.
If you offer enough UBI for people to live without working... the work won't get done, and things we need won't get made.