News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Because not everyone has an extra $1000 a month. The median working person's tax will increase to the point that the UBI is wiped out (and high earners will find their tax burden more than it is now). This is how it works. It's not free money on top of your existing money. It's a barrier at the low end preventing money from going below a certain level.
I see, so it sort of scales where they take some or all of the UBI back in taxes based on your income? Would the tax evasion that is common with the ultra-rich thwart this design?
And if only the poorest demographic has the extra $1000, then wouldn’t that concentrate potential price increases in low income neighborhoods?
Thank you for answering my questions and feel free to tap out whenever, I just haven’t had the chance to ask anyone about this who seems to have done any real research on it.
Well the ultra rich don't really pay a level of income tax that reflects their wealth anyway, but even if they were actively trying to fiddle things any amount of UBI would be but a rounding error in their finances. For the actual rich, nothing short of a wealth tax will do.
As for the second question, possibly. Although UBI does replace benefits, and I'd wager most low income neighbourhood are already using those benefits to top up landlord retirement funds anyway. UBI is as much about letting people have the money without making them balance it on their nose first while praising the glorious taxpayers that fund it.
Thank you, I learned some things today.
Nor does anyone else.
Income tax reflects income. It has zero relationship with wealth/net worth.
EDIT: lmao even the most basic factual statements get downvoted when they're inconvenient to the narrative, huh guys?