General Discussion
In reply to the discussion: Do you support Universal Basic Income? [View all]qazplm135
(7,450 posts)but I have no idea of the ramifications or consequences.
OK, we give everyone 1000 bucks lets say. Does inflation mean everyone's cost of living just rises by 1000 bucks? Are we eventually right back where we were?
Why are we giving it to everyone as opposed to means testing it via taxation?
(OK, start off that everyone gets it, but then as you make more money over the course of a year, you have to pay it back in taxes, zeroing out at a certain level...e.g. if I make 250K in a year, that 1000 bucks to me is unnecessary).
Wouldn't this be better served as another EITC? Additional money designed to get people out of poverty?
1000 bucks to someone in area X is going to have more/less purchasing power to someone in Area Y. Are we going to be adjusting this for cost of living?
I think "just give everyone x amount of dollars" sounds simple, but I think more study needs to be done first. Some more experiments done.