On: Universal Basic Income Is Not Feasible

[1123581321]

This is part of the circle of miscommunication when discussing UBI. It goes like this:

Q. The tax rate would be too high.

A. Not if UBI is small.

Q. Small amounts won’t make a difference.

A. That’s why it needs to be enough to live on.

Q. Then the tax rate...

[keithnz → 1123581321]

the problem is people talk about paying for it through income tax and not a wealth tax.

If you look at wealth distribution, you look at how to slice enough off the top end to cover the bottom end.

[1123581321 → keithnz]

I assume you are looking at the $50-100 trillion of theoretically seizable wealth in the United States. Unfortunately, not much of that is fungible due to the lack of buyers in that scenario.