Strategies & Market Trends : Universal basic income (UBI)

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To: Glenn Petersen who wrote (17)9/20/2017 3:40:17 PM
From: TimF  Read Replies (1) of 233
So Stern's plan of paying for it is higher taxes, more taxes, and a reduction in defense spending. Forgive me if I'm not on board.

If it was tried anyway the increased taxes would probably increase revenue to a lesser degree than expected. The financial transactions tax might even reduce revenue (it will get some positive revenue itself but can reduce revenue from other sources).

Also I don't see how you get buy in from a large enough number of people for the elimination of current poverty programs and without that I don't think its possible to make it work at all.

Recipients in Berlin argue that the program is allowing them to be more innovative rather than demotivating them.

Strictly speaking saying because they want to recieve the money they are giving an incorrect answer here would be ad-hominem, still I'm not sure they would be reliable reporters of this, partially for self interest reasons but also I'm not sure even without such an issue that self reporting would be very reliable here.

How many people who currently can't or won't earn enough to support themselves would suddenly be much more innovative if they got a big check from the government? I can believe it would happen, but not that it would be anywhere close to the norm.
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