Plan for universal basic income ignores the value of work What ‘value of work’? Because it seems like private employers are already doing an excellent job of ignoring ‘the value of work’, which is odd considering you’d think they’d want to use it to improve their net revenue. Firstly, there is the issue of tax churn: high-income earners would receive a payment only to return it, and more, in increased income tax. UBI does not need to be funded by income tax. The hollowing out of the middle-class in the US is a direct result of decades of policies […]
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