Comment by msgodel
Right but now the rest of the people have no reason to pay taxes so you're going to be printing money for everything.
Right but now the rest of the people have no reason to pay taxes so you're going to be printing money for everything.
You're reiterating my "UBI will be miserly" point. Yes, if taxes were set at 100% to support a $40k/year UBI, I would quit my six figure job to make $10/hour cutting grass under the table. OTOH, if my taxes went up 25% to support a $10K/year UBI, I wouldn't.