Re:UBI Would Likely Increase Poverty Rather Than Reduce It (...
by sokoloff on Tuesday October 11, 2022 @06:23AM
(#33161540)
Of course it would be taxed. The math is laid out because many people seem to think this is couch cushion money.
Today, about 57% of households pay no net federal individual income tax. That figure would only increase with UBI implemented as a negative income tax.
Maybe it seems reasonable to some for the median household to receive money from the feds on top of the services they get today for free. That doesn’t seem stable and sustainable to me.
Today, about 57% of households pay no net federal individual income tax. That figure would only increase with UBI implemented as a negative income tax.
Maybe it seems reasonable to some for the median household to receive money from the feds on top of the services they get today for free. That doesn’t seem stable and sustainable to me.