By responsible, I mean the UBI: Would not add to the national debt
Would not rely on unstable revenue sources, such as income or wealth taxes
Would not reduce labor market participation overall (work incentives and disincentives would balance out across the population and over time) Would not be based on unrealistic scenarios of societal change (e.g, robots or AI replacing most human workers, the rich footing the bill, capitalism gone or much minimized) Would be funded through a dedicated Value-Added-Tax (VAT), which is more stable and less distortive than other taxes Would vary […]
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