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 wincy on Thursday May 21, 2020 @05:12PM (#23265408)

But it wouldn’t be $2000 per worker, as you’d have to get enough tax money to pay the people who aren’t working that $2000. If I make $6000 a month and you make $0 a month, and then we both get $2000 a month from my taxes, how can my take home pay remain $6000?

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by nawitus on Saturday May 23, 2020 @04:33PM (#23286153)

You would get an increase of $2000 in the form of UBI, but increase in taxes of $2000, so your net would remain the same. It's assumed tha UBI would replace current unemployment benefits. Of course UBI can be expensive if the amount is too large.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by bsanr2 on Thursday May 21, 2020 @06:42PM (#23266406)

Well, it would be you and several of your peers making $6000 a month, one or two people making an order of magnitude more per month, and a whole heckuva lot of people making $3k-$4k a month, contributing a progressively bigger portion to the one person making $0. So, no, you don't hang on to the full $6000... But then you may get it back from taxing the capital holdings of those people who own exceptionally large amounts of private property.

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