A frequently asked question in response to universal basic income that comes mostly in response from conservatives is some variation of, "Why don’t we just tax people less if we want them to have more money?" It’s an entirely fair question to ask, especially if you’re paying more than $12,000 per year in taxes, and we’re talking about a UBI set at $1,000 per month. $12,000 is indeed equivalent to $12,000, but they’re still very different, and lead to much different outcomes. I’ll explain why using an analogy.
Imagine you have $200,000 in a trust fund and you are given […]
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