UBI Does Not Require Tax Rates of 40 to 60 Percent

Re:UBI Does Not Require Tax Rates of 40 to 60 Percent by richbell on Saturday December 24, 2022 @10:17AM (#34117560)

> Ahh. Armchair economics strikes again. So, your pet theory disproves thousands of years of economic evidence that draws a direct line between money supply and inflation?

> Sure, if you say so.

Economics is a social science, not a hard science based on empirical evidence. Denying that there's an incentive for the ultra-wealthy (e.g., billionaires, corporations) to fund and promote specific ideologies is to deny reality; similar to denying that oil and gas companies influenced climate and environmental research or Purdue influences medical research and practices, in the pursuit of profit.

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Re:UBI Does Not Require Tax Rates of 40 to 60 Percent by dragonwriter on Saturday December 24, 2022 @12:17PM (#34118805)

> Economics is a social science, not a hard science based on empirical evidence

Social sciences are based on empirical evidence the same way hard sciences are; to the extent they are more problematic it is because they deal with complex and in part, chaotic systems where isolating effects is difficult (a problem shared, often, with life sciences), plus they frequently deal with issues about which political, religious, commercial, and/ir identity issues are tied up (this is true for subfields scattered across the rest of the sciences, but it is true of almost every subfield of the social sciences).

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