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Comment by lidHanteyk

Okay, I think I see the root of the misunderstanding. UBI can be fully paid for by taxes [0], and the resulting system is administered using existing tax authorities. In the USA, this would mean that the IRS, which already administers taxes, would incur a one-time cost of setup but no additional ongoing costs.

This means that we can analyze the impact of UBI as if it were a tax adjustment. The impact on businesses will be that, since laborers will have more job mobility, businesses will have less negotiating leverage over employees. This is a good thing.

Because cash can pay for anything, UBI is cheaper than any equivalent social program which purchases goods on behalf of recipients. When combined with the overall lower cost of administration, this makes UBI definitionally less costly and more impactful than other social programs, dollar by dollar.

Sweden is worth mentioning because, for basically any reasonable path in society that one can imagine, there is government money available to motivated citizens. This is the vaunted alternative listing of "other social programs" that your perspective values so much. Similarly, Alaska is worth mentioning because they really do send no-strings-attached money to every resident. This demonstrates that UBI does not have to disrupt the social and economic fabric of our society.

UBI is not an investment. UBI is a reassessment of taxation principles. You are not an investor, but a member of society.

[0] https://en.wikipedia.org/wiki/Negative_income_tax

parent lidHanteyk 6 years ago

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