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A comment on UBI Does Not Require Tax Rates of 40 to 60 Percent. Parent comment

Re:UBI Does Not Require Tax Rates of 40 to 60 Percent by neilwilson on Saturday December 24, 2022 @11:30AM (#34118343)
Except it isn’t. UBI is paid for by workers producing items that they are then prevented from consuming so that those who refuse to take part in production can do so instead.

In other words it is a monetary illusion. The workers can’t be allowed to be any richer because there isn’t any extra production they can consume with that extra money.

Money supply is a flow, not a stock. There isn’t a fixed amount of money.

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Re:UBI Does Not Require Tax Rates of 40 to 60 Percent by dragonwriter on Saturday December 24, 2022 @12:09PM (#34118735)
> UBI is paid for by workers producing items that they are then prevented from consuming so that those who refuse to take part in production can do so instead.

This is true exactly as much as it is true with “capitalism” in place of “UBI” (particularly if the UBI is, in the more direct sense, funded by taxes on capital.)

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