How To Fund A Universal Basic Income Fairly

How To Fund A Universal Basic Income Fairly

A properly constructed UBI would be based on the idea that the resources that weren’t created by human labor – the land, the airwaves, our public spaces, the skies, and even money itself – belong to everyone. And therefore, if you want exclusive access to any of these resources either to live or to start a business, you should have to compensate the rest of humanity for their reduced access. These economic “rents” already exist in the form of property taxes, licenses, and interest payments. But instead of sharing this wealth (that no human being created) with everyone, the wealthy elites appropriate it all to themselves. This is what must change.

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