this post was submitted on 30 Dec 2024
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Serious question: wouldn't Universal Basic Income rely on everyone paying their taxes instead of certain groups trying to hide or avoid paying it? I can't see governments affording this without a serious look at their spending to pull back om somethings, or there being a sufficient amount in the coffers from taxation.
Debt money is constantly being created for the benefit of the already rich. Taxes are just another punishment for the poor. It's not a real issue, just political theater/distraction.
There's some monetary theory that suggests careful creation of money is actually fine and won't lead to hyperinflation. So potentially, measured money printing to support UBI and stabilize the world economy might actually be fine? Honestly I don't know enough about the theory and proofs to really say, but there's some interesting possibilities if you allow for measured money creation