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enabling:all_states_shall_support_sdgs_tax_wealth_and_financial_transactions_and_redistribute_funds_equitably

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enabling:all_states_shall_support_sdgs_tax_wealth_and_financial_transactions_and_redistribute_funds_equitably [2019/06/29 22:56]
174.116.81.6 [HISTORY]
enabling:all_states_shall_support_sdgs_tax_wealth_and_financial_transactions_and_redistribute_funds_equitably [2019/06/29 23:02]
174.116.81.6 [KEY CRITIQUES AND RESPONSES]
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 The freedom and opportunity provided by UBI avoids the “employment trap’, which is opportunistic exploitation by employers, and work-conditional benefits. UBI increases flexibility in both choosing jobs and leaving unattractive jobs. This should encourage employers to adjust compensation levels closer to the true value of work done.  The freedom and opportunity provided by UBI avoids the “employment trap’, which is opportunistic exploitation by employers, and work-conditional benefits. UBI increases flexibility in both choosing jobs and leaving unattractive jobs. This should encourage employers to adjust compensation levels closer to the true value of work done. 
  
-One estimate is that UBI would cost $4 trillion per year at the rate of $1000 per month in the United States alone, which is on the scale of the entire US 2018 budget. (This critic argues instead for a guaranteed basic income, which transfers money only to those whose income is below $1000. It would, however, therefore not be universal, and require a mean test.) So, if fewer people are working to produce value and goods, how will a universal system be financed?+One estimate is that UBI would cost $4 trillion per year at the rate of $1000 per month in the United States alone, which is on the scale of the entire US 2018 budget. (This critic argues instead for a guaranteed basic income, which transfers money only to those whose income is below $1000/mth. It would, however, therefore not be universal, and require a means test.) So, if fewer people are working to produce value and goods, how will a universal system be financed?
  
 In developed countries, the simplest way to finance UBI is through the rejigging of the progressive personal income taxation system. A second way is to “tax capital directly through a steeply progressive personal-wealth tax”. A third way is through additional corporate taxes. Fourth is through inheritance taxes, taxes on bequests and gifts. ​ In developed countries, the simplest way to finance UBI is through the rejigging of the progressive personal income taxation system. A second way is to “tax capital directly through a steeply progressive personal-wealth tax”. A third way is through additional corporate taxes. Fourth is through inheritance taxes, taxes on bequests and gifts. ​
enabling/all_states_shall_support_sdgs_tax_wealth_and_financial_transactions_and_redistribute_funds_equitably.txt · Last modified: 2019/06/29 23:06 by 174.116.81.6