this post was submitted on 01 May 2026
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A UBI is intended to be inexpensive to administer, this is why everyone gets it unconditionally, but income taxes need to be increased so that the wealthy end up paying back what they got and more, such that it balances the cost of giving it to everyone.
Well that's the thing ain't it? Taxing the rich? Unless we have strong legislation on that with higher tax rates and get rid of loopholes, we could achieve it.
IF we do those things.