I like that they included the mental health component. Long-term steady payments are best for mental health and can fairly easily be converted into lump sums by pooling payments and rotating payouts with others receiving UBI.
This is important because lump sums are most likely to spur entrepreneurship since they have the capital to invest, immediately, in a new venture. (But the unpredictability of starting a new business also means they are less happy.)
It’s nice having some hard data to support how we should go about UBI. Now we just need to revert taxation to what it was like a century ago to pay for it.
Income tax for the highest earners in the USA, as an example, used to be 93% tax
You read that correctly and I believe my number is accurate.
Rich assholes bought PR machines to convince the public that system was unfair to them. So they lowered taxes on the rich. However, that lost tax revenue had to be made up some how. So the poorer pay more So the rich can piss on them from on high - err so the rich can trickle down.
Low taxes for the Uber wealthy is a relatively new thing.
I like that they included the mental health component. Long-term steady payments are best for mental health and can fairly easily be converted into lump sums by pooling payments and rotating payouts with others receiving UBI.
This is important because lump sums are most likely to spur entrepreneurship since they have the capital to invest, immediately, in a new venture. (But the unpredictability of starting a new business also means they are less happy.)
It’s nice having some hard data to support how we should go about UBI. Now we just need to revert taxation to what it was like a century ago to pay for it.
Do you mind elaborating on the tax bit? I’m intrigued.
Income tax for the highest earners in the USA, as an example, used to be 93% tax
You read that correctly and I believe my number is accurate.
Rich assholes bought PR machines to convince the public that system was unfair to them. So they lowered taxes on the rich. However, that lost tax revenue had to be made up some how. So the poorer pay more So the rich can piss on them from on high - err so the rich can trickle down.
Low taxes for the Uber wealthy is a relatively new thing.