3·
1 day agoI was probably 7 or 8.
I lost a tooth and put it under my pillow without telling my parents. Toothfairy never came.
Didn’t believe in any of the mythical things after that.
Edit: Oh and we play along. He’s 14 and definitely knows but the wife enjoys it more than he does. So he’s milking it and I applaud him for it.
Let’s say 50k is average income
Basic income is 10k
The average person would get 10k in UBI but pay 10k more in taxes
They will have 50k dollars
Someone that makes 100k would get the 10k in UBI but would have to pay 20k more in taxes.
They will have 90k dollars
Someone making 15k (federal min wage) would get 10k in UBI and pay nothing in taxes
They will have 25k dollars
This is simplified, but the idea is that all three people still made 165k combined. Just the person at the bottom got some help.
UBI does not increase the total amount of money in the economy. Just moves it from the rich to the poor.
The average person is still going to have the same spending power
UBI only exists to solve a problem of capitalism. Other systems could have a UI like communism. But it’s the flaws of capitalism that needs it to correct itself.
Social programs exist in capitalism and have existed for years. They are just a complex way of solving a basic problem. “How do we get poor people money?”
Personally, I’d be for UBMI (Universal Bare Minimum Income). Everyone should be provided bare minimum from the society. Food, water, shelter, etc. If you can afford to pay it back, great, if you can’t, that’s fine too. But when people talk about UBI it’s always “how much??”. And it should be the bare minimum to survive and not be forced to run the capitalism rat race. If you’re content to sit in a small shelter and eat 3 meals a day, the government should give it to you. The government gives it to people who break the law and are no where near as deserving