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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by iamthemonster on Thursday July 30, 2020 @08:39AM (#23997381)
I don't understand what you mean by this. UBI redistributes income - wouldn't it obviously be funded via taxation? USA would be able to afford a much higher UBI than Sierra Leone would because US income is higher. What determines how much UBI can be issued if aggregate income is irrelevant?
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Re:Universal Basic Income is Capitalism 2.0 by kortilla on Saturday August 01, 2020 @03:43PM (#24023300)
If you fund by a 100% income tax, everyone would quit instantly. There would literally be no point in working for money. UBI cannot be funded by the thing UBI would eliminate.
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