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A comment on Universal basic income: A nonprofit is about to test it in a big way. Parent comment

Re:Universal basic income: A nonprofit is about to test it i... by dec0dedab0de on Friday April 15, 2016 @10:31AM (#11504583)
This is missing perhaps the most controversial part of the Universal Basic Income: that it's funded by the same population that it's helping

I prefer the idea of basic income taking the place of debt for the creation of money. This way the tax is in the form of inflation, and everyone gets to directly benefit from the creation of new money instead of just the banks and those blessed by the banks.

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Re:Universal basic income: A nonprofit is about to test it i... by Turing_Machine on Friday April 15, 2016 @11:21AM (#11505018)
That's how it was handled in some of Heinlein's stories. The government calculated the value of new goods and services that had become available, then issue that amount of new money as direct payments to the people. Done correctly (yeah, right), that wouldn't be inflationary at all (although it seems like you'd also need some mechanism to claw the money back if the economy shrank).
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