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A comment on Moving Forward on Basic Income. Parent comment

Re:Moving Forward on Basic Income by douglance on Tuesday May 31, 2016 @02:47PM (#11809001)
The idea is that we will develop such stunning abundance that living costs will be very inexpensive and a basic income will be a manageable cost for the government.
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Re:Moving Forward on Basic Income by danielweber on Tuesday May 31, 2016 @07:01PM (#11810952)
So my taxes will drop, right?
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Re:Moving Forward on Basic Income by AnthonyMouse on Tuesday May 31, 2016 @11:25PM (#11811876)
Net of the UBI? Sure. A UBI which is exactly as redistributive as the existing welfare system would reduce taxes (or increase the UBI you receive) by the difference in the administrative costs between the existing welfare system and the UBI.

And that's before the economic benefits of increasing the incentive to work for low and middle income people by not reducing their government transfer payments when they get a job.

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