alt Hacker NewsIt's not _universal_. A truly UBI would be handing out a fixed basic income to everyone, irrespective of individual wealth, income or needs.
It's not _universal_. A truly UBI would be handing out a fixed basic income to everyone, irrespective of individual wealth, income or needs.
Is that even possible? Someone has to pay for it. If I'm rich and I get $40,000 a year from UBI, but my direct or indirect taxes go up by $60,000 in order to fund the program, am I really receiving UBI? At some point UBI has to involve transfers between income or wealth levels. The particulars of how the program is funded determines how progressive or regressive the policy is in net.