| ▲ | jplusequalt 2 hours ago | |
I really liked the article, but the authors suggestion that a universal basic income is real solution is not backed by any evidence as I can tell. UBI's are extremely expensive (do the math on what it would cost the US to pay a measly $1000 a month for each citizen). Most economists are split on whether it's even possible to implement on a large scale. There's a load of good posts on r/AskEconomics that go into the bitter realities of implementing a UBI if you're interested in reading more. | ||
| ▲ | inigyou 2 hours ago | parent [-] | |
UBI would overhaul the economy, but it's not like that doesn't happen regularly, just not for the benefit of workers. It's got to be studied before being implemented on a wide scale but there's no reason to assume it's not possible. Obviously if you give $1000 to each person, taxes have to be raised by an average $1000 per person, which sounds really bad as a soundbite. An implementation using negative tax brackets doesn't have this soundbite. | ||