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Hey everyone, as promised here's a brief outline of the logic of funding the free stuff.

References (in rough order of appearance):

https://www.socialguarantee.org/post/how-would-we-pay-for-a-social-guarantee

https://www.taxresearch.org.uk/Blog/wp-content/uploads/2022/08/Surviving-2023-1.pdf

https://www.washingtonpost.com/us-policy/2019/03/28/democrats-policy-proposals-likely-require-tax-hikes-middle-class/

https://www.peoplespolicyproject.org/2019/04/01/the-trilemma-of-welfare-middle-class-taxes-and-predistribution/

https://taxfoundation.org/scandinavian-social-programs-taxes-2023/

https://www.weforum.org/agenda/2017/07/the-cost-of-universal-basic-income-might-be-lower-than-you-think/

https://www.peoplespolicyproject.org/2022/11/11/universal-benefits-cost-less-than-means-tested-benefits/

Comments

James King

A streamer I follow made the argument that UBI is a bad idea as it’s effectively a mechanism for massive wealth transfers to landlords and the capitalist class: Giving people £1600 a month in UBI could just means rents go up to extract that additional cash. Do you think that’s a plausible reason to be wary of UBI? I find it pretty compelling, so I prefer UBS as an end goal.

Unlearning Economics

I really disagree with this, I feel like it's a big reach and just a left-wing version of the EE-style inflation hypothesis. Rents might rise, but I'm not sure there's evidence they will rise that much, and such a big claim would require big evidence.