UBI still seems barmy to me. Idea from @Citizensincome in @thetimes today seems to give a paltry £3K per person at national cost of £200billion.
@citizensincome (i.e. me) replied:
Thus replacing existing welfare payments and tax breaks which cost £200 billion. Also, redistribution is not a net national "cost" by definition.
@martin_farley hit back with these:
Quite. The 'cost' would be a tax rebate or a replacement for benefits for most people... #basicincome acts as either a benefit or tax break, depending on your income. It's just a more efficient version of both.
Why would giving tax payers a £3k rebate represent a cost to them?
Wednesday, 25 January 2017
My latest blogpost: Killer Arguments Against Citizen's Income, Not (6)Tweet this! Posted by Mark Wadsworth at 15:11