Why the hell would we give the rich $12k/year.? It makes no sense for it to be “universal,” we should change the branding. Doesn’t make it the bad idea you are so eager to paint it.
Negative income tax solves the “rich people getting 12k/yr they don’t ‘need’” issue. Beaurocracy/overhead has already been mentioned as another reason.
Because the administrative costs associated with making sure they don’t, will cost even more. That’s one of the main upsides of UBI–no means testing makes it have practically no ‘overhead’. If means testing were added, its price tag would be even higher.
Why the hell would we give the rich $12k/year.? It makes no sense for it to be “universal,” we should change the branding. Doesn’t make it the bad idea you are so eager to paint it.
Negative income tax solves the “rich people getting 12k/yr they don’t ‘need’” issue. Beaurocracy/overhead has already been mentioned as another reason.
Because the administrative costs associated with making sure they don’t, will cost even more. That’s one of the main upsides of UBI–no means testing makes it have practically no ‘overhead’. If means testing were added, its price tag would be even higher.