I mean it depends on the context of how UBI is going to get paid for. If it is funded by a wealth tax then I am on board. But that’s not how the powerful proponents of UBI say it should be funded. Andrew Yang would have us take it out of Social Security to pay for it but you don’t hear him say we should uncap Social Security contributions.
Income taxes, especially if investment income is not given preferential treatment, is even with a flat tax on first $100k income, with surtaxes on higher incomes, something that impacts the rich/successful while still making them more rich. You don’t need to cling to “only a wealth tax or burn it all down”. Wealth generates investment income. Taxing that properly is all that is needed.
Also, I think rent caps or something need to be introduced as well. I worry about landlords just assuming you have an extra 2,000 on you and then taking it.
But implemented with the right protections, I would love UBI.
UBI gives you “moving expense money”. Greedy landlords gives builders incentive to build more to give you alternatives. If you don’t want to work, then moving to smaller communities is a more affordable choice, and you can move before you have a job lined up. A problem with welfare/UI is not just that any job income get’s clawed back at 50%, but you need to stay close to the same welfare office to keep getting benefits.
I mean it depends on the context of how UBI is going to get paid for. If it is funded by a wealth tax then I am on board. But that’s not how the powerful proponents of UBI say it should be funded. Andrew Yang would have us take it out of Social Security to pay for it but you don’t hear him say we should uncap Social Security contributions.
Income taxes, especially if investment income is not given preferential treatment, is even with a flat tax on first $100k income, with surtaxes on higher incomes, something that impacts the rich/successful while still making them more rich. You don’t need to cling to “only a wealth tax or burn it all down”. Wealth generates investment income. Taxing that properly is all that is needed.
Sure, I’m on board as long as the fix isn’t to cut other social safety nets.
Also, I think rent caps or something need to be introduced as well. I worry about landlords just assuming you have an extra 2,000 on you and then taking it.
But implemented with the right protections, I would love UBI.
UBI gives you “moving expense money”. Greedy landlords gives builders incentive to build more to give you alternatives. If you don’t want to work, then moving to smaller communities is a more affordable choice, and you can move before you have a job lined up. A problem with welfare/UI is not just that any job income get’s clawed back at 50%, but you need to stay close to the same welfare office to keep getting benefits.