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1. Why it is wrong to categorize UBI as socialist
I suppose its 'wrong' to call it socialist if you want to walk a line that narrowly defines socialism as the 'community' (read:government) owning the means of production while ignoring the broader context and use.
UBI is forced wealth 're'distribution.
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2. How UBI does not make people less motivated to work
It without a doubt does make people less motivated to work. Basic economic concepts there.
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3. How UBI does not cause inflation
If you are using inflation in the common modern sense of the term to mean 'a rise in the price of goods', it will cause some inflation.
This will likely be particularly exacerbated on certain basic goods and services people would tend to use the money on.
It will also be paid with by inflation if you are talking about an increase in the money supply.
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4. How UBI does not get the country in more debt / where he gets the money from
1. He wants to add a fat VAT tax. Terrible idea.
2. Imagining the money will make people take better care of themselves to point where hundreds of billions of dollars are saved on "health care, incarceration, homelessness services and the like" per year. Wildly optimistic.
3. Imaginary growth from bad economic schools of thought while handwaving the negative effects of taxation.
4. Various other taxes that make me think of physical removal memes. (financial transactions tax, additional capital gains tax, etc)
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5. Why UBI (for everyone) is more practical than low-income support (selective)
subjective.
Might be simpler to hand out 1000 to everyone no questions asked, but thats not the proposal. He wants this in addition to low-income support, while docking people who are actually poor and already on welfare. Regressive and unnecessary to hand out 1000 stolen bucks to the rich and upper/middle class.
This post was edited by cambovenzi on Jun 20 2019 09:31pm