Not at all. Many economists project the net effect of a flat UBI paid for with a targeted VAT towards luxury goods would actually improve GDP.
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This is ridiculous.
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nationwide moratorium on gasoline taxes!!!!!!!!!!!!!!
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Wouldn't it be easier to just cut out the middleman and suspend payroll taxes for a few months?
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The complaint is that only favors people working and people who make enough to get taxed enough for it to matter. If 1/4-1/3 of the people aren't working, payroll tax won't help much
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That would be their own choice. If they lose the money given to them, then that's their own fault. The money's just going to go back into the economy and they'll get $1,000 again next month to hopefully spend it right.
End of conversation
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Nobody ever explains how this ACTUALLY works. Resources have to come from somewhere. Even if they theoretically come from the future (which isn't how reality works fyi) there are still costs. Nobody ever Accounts for the costs.
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all yang ever did, in every interview he ever gave, was explain how it works.
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