2) There is a bullet that needs biting here--three related ones, really--but this column fails entirely to recognize them.
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Replying to @St_Rev
2a) Are you going to let the worst off, many of whom aren't capable of navigating the welfare system, sleep under tarps in the woods?
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Replying to @St_Rev
2b) Is it useful and a good work incentive to subject marginal workers to far higher effective marginal tax rates than the rich?
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Replying to @St_Rev
2c) Is it constructive to maintain a class of professional hoop-holders so the worst-off can be made to jump through said hoops?
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Replying to @St_Rev
3a) Imagine an xy-graph of y = income versus x = work. If society doesn't want destitute people sleeping under tarps, y(0) > 0.
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Replying to @St_Rev
...That is, give people who don't work *something*. Or don't, and let them starve or steal--consistent, but most people aren't so harsh.
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Replying to @St_Rev
3b) Critics argue that a UBI would kill incentives to work--but structure of current benefits claws them back based on income so steeply...
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Replying to @St_Rev
...that the working poor can experience as much as a 90% marginal tax rate, or worse: increase income by $10k, lose $9k in benefits.
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Replying to @St_Rev
Hardly anyone seems to worry about the incentives baked into *that*.
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Replying to @St_Rev
or when they do worry about it, they address it by reducing benefits (which almost inevitably lowers what you term y(0))
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.