For simpler math, lets assume someone makes $10k per month pre-tax. Their tax rate would increase by roughly 10%, and they would receive a $1,000 check in the mail. The net cost (and benefit) for most people could be 0.
Well, why do UBI at all?
I think the goal is to simplify our means based well fare system, which can create some economically inefficient incentives.
For example, imagine someone receiving disability checks who could go back to work. Going back to work would mean they stop receiving disability checks, and they could easily end up reducing their income.
Well, why do UBI at all?
I think the goal is to simplify our means based well fare system, which can create some economically inefficient incentives.
For example, imagine someone receiving disability checks who could go back to work. Going back to work would mean they stop receiving disability checks, and they could easily end up reducing their income.