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A comment on Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income.

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by troughway on Thursday May 21, 2020 @10:48AM (#23259014)
What is stopping companies that make money (to pay for UBI through tax increases) from leaving the country to elsewhere with lower taxation? Where would this money come from then?

If things do get automated it means labor is no longer needed to be sourced locally, making it much easier to uproot and go elsewhere.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by cool-guy-69 on Thursday May 21, 2020 @02:48PM (#23263106)
Where would they go? Every other country has a VAT tax and to pay for the version of UBI that Yang proposes would be a VAT tax at half the European rate.
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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by chillacy on Thursday May 21, 2020 @07:21PM (#23266793)
Even if companies uproot, selling to US consumers means paying US VAT taxes. US companies pay european VATs too, they all complain about it but don't leave the market as long as profits are positive.
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