Universal basic income seems to improve employment and well-being

Re:Universal basic income seems to improve employment and we... by lmm on Monday August 24, 2020 @04:48AM (#24258653)

> Wouldn't nationwide UBI just make everything more expensive? Most people who work will continue to work, most people who don't, won't. More money in circulation = higher prices.

UBI would have to be funded by a corresponding increase in high tax brackets.

> If you care about poor people, why not just try to fix welfare with e.g. Negative Income Tax proposed by Milton Friedman (https://en.wikipedia.org/wiki/Negative_income_tax)?

That's like UBI for people who can hold down a minimum wage job, but it does less to help the very worst off. Why do you prefer it over UBI?

[ Parent | on HN ]

Re:Universal basic income seems to improve employment and we... by balfirevic on Monday August 24, 2020 @04:53AM (#24258683)

> That's like UBI for people who can hold down a minimum wage job, but it does less to help the very worst off.

Actually, it is exactly like UBI, under NIT you also get money if you don't have a job.

[ Parent | on HN ]