Reply to post: Re: UBI is the future

Universal basic income is a great idea, which is also why it won't happen

Jaybus

Re: UBI is the future

"As for most people, we all want a better tv/car/holiday/house so we'd carry on working regardless, however with UBI , employers would only have to pay people like me £10k a yr instead of £25k"

Perhaps, but I can see another possibility. Many will take their UBI and be done with it, preferring to spend their time loitering about. Demand for jobs should not likely decrease, at least not due to UBI, but supply of willing and halfway reliable workers will certainly decrease. The result is an increase in pay for those actually willing to work. That is to say, those who are willing to work for large companies. The cost is highly increased taxes, which further increases the number of people willing to take the UBI and simply quit trying. The end result is a greatly increased income disparity, both for individuals and businesses, with small business eventually becoming infeasible.

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