this post was submitted on 18 Oct 2023
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[–] lolcatnip@reddthat.com 1 points 1 year ago

"First of all, everyone does not get an X% increase in their purchasing power". Yes they do, that is the definition of a UBI. Currently, everyone has different levels of income. if you give everyone an equal amount of additional income, you have by definition increased everyone's purchasing power by X%.

This is gonna be a really tedious conversation if I have to explain arithmetic to you.

If Johnny has $100 and Suzie has $10, and I give them both $5, Johnny's wealth has gone up by 5% and Suzie's has gone to by 50%. If, furthermore, I pay for it by collecting $9 in tax from Johnny and $1 from Suzie, Johnny has lost $4 overall while Suzie has gained $4, and their combined wealth hasn't changed a bit.