this post was submitted on 02 Nov 2023
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First, it decreases the production of goods and services, which leads to price increases.
Second, it decreases the tax base from which the UBI is funded in the first place. In other words, a UBI undermines itself.
Which goods and services? Cars and doctors? Or Big Macs and pizza delivery?
There is no shortage of legitimate experts who say a proper progressive tax regime will handle UBI just fine. And if it doesn't, then at least we failed honestly instead of sitting on our hands.