JackGreenEarth to ShowerthoughtsEnglish • 1 year agoWhen talking to people who dislike UBI about UBI, they'll often say both that 'people need a purpose in life' and that 'nobody will work if they get free money'.message-square246fedilinkarrow-up1356arrow-down132file-text
arrow-up1324arrow-down1message-squareWhen talking to people who dislike UBI about UBI, they'll often say both that 'people need a purpose in life' and that 'nobody will work if they get free money'.JackGreenEarth to ShowerthoughtsEnglish • 1 year agomessage-square246fedilinkfile-text
Those seem incompatible to me. (UBI means Universal Basic Income, giving everyone a basic income, for free)
minus-square@postmateDumbasslink1•1 year ago Earned Income Tax Credit This is not basic income. It is a tax credit. Basoc income is a monthly payment. It helps pay the bills. The payments can be relied upon. Tax Credits never pay the bills. They arrive (maybe) once a year. Canmot relt on the ammount or if it will come at all. Tax credits help wealthy people they do not help poor people struggling to make it month to month. RE: administrative costs Adding to the IRS workload drives up costs. Just issue a UBI to every living SSN. Distribute via electronic transfer. Almost free overhead. Simple. Done. Means testing is wasteful.
This is not basic income. It is a tax credit.
Basoc income is a monthly payment. It helps pay the bills. The payments can be relied upon.
Tax Credits never pay the bills. They arrive (maybe) once a year. Canmot relt on the ammount or if it will come at all.
Tax credits help wealthy people they do not help poor people struggling to make it month to month.
RE: administrative costs Adding to the IRS workload drives up costs.
Just issue a UBI to every living SSN. Distribute via electronic transfer. Almost free overhead. Simple. Done.
Means testing is wasteful.