UBI is back in the news, which means confused takes about UBI are back in the news. I said most of what I have to say in this thread:https://twitter.com/St_Rev/status/737895094460780544 …
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Rants Drive Rev ☯️ 🏴 😻 Retweeted Rants Drive Rev ☯️ 🏴 😻
But want to emphasize something that's poorly communicated by UBI boosters: you can't get the price tag by multiplying (benefit x population). That's disingenuous.https://twitter.com/St_Rev/status/737895292205420546 …
Rants Drive Rev ☯️ 🏴 😻 added,
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We need to reckon with the welfare trap problem. (https://en.wikipedia.org/wiki/Welfare_trap …) It's very difficult for people dependent on benefits to improve their situation, because they lose benefits as their income increases. This can create effective marginal tax rates of 90% or more!
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perhaps your single most important tweet; concur
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