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 …
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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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The point of UBI isn't to give everyone magical freebucks. It's forced by basic mathematics: making the low end of the income curve less perverse and abusive. This means _lowering_ the average benefit, but removing the strings that trap people at the same time.
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I don't know what you have in Australia
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USA has a 'standard deduction' which is $12k now
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.