Comment "you’re redistributing income upward" (Score 4, Interesting) 1145
As proponent of Basic Income, I disagree with much of the analysis offered in the linked article. However, I wanted to sink into this one point in particular:
"If you take the dollars targeted on people in the bottom fifth or two-fifths of the population and convert them to universal payments to people all the way up the income scale, you’re redistributing income upward. That would increase poverty and inequality rather than reduce them."
This is a seductive line of reasoning, and appealing to liberals. But it misses the point about HOW taxation must be structured to take this into account. While basic income must NOT be means tested, taxation almost certainly must be. Poor ppl shouldn't be burdened by having to prove or disprove wealth and income. Having grown up poor I can assure you that that IS a huge burden. Let those most benefiting from the system be the ones who fight for the most fair tax rate possible, because they have all the tools and expertise at their disposal to do that. Poor ppl do not. So to the extent that basic income hurts ppl on the bottom, the taxcode must to that extent raise revenue from the higher economic classes to compensate for it. Easier said than done, of course, but the practicality of moving forward is an entirely different issue than the theoretical underpinnings of the idea in the first place.
http://www.cbpp.org/poverty-an...