Debate Magazine

Good Article on UBI

Posted on the 09 March 2018 by Markwadsworth @Mark_Wadsworth

In City AM, a couple of days ago.
My comment:
Excellent summary
Couple of minor niggles - for a start, no serious worked through calculation ever said £10,000 a year, a better starting figure is £4,000 or so, which could be 'funded' by abolishing most working age, non-disability and non-housing related welfare and the tax-free personal allowance. That would not require tax increases and surprisingly few people would see a noticeable difference in their weekly income (after paying tax and receiving UBI). But it has all the merits of simplicity and getting the government off people's backs.
And mathematically, you are wrong about negative income tax, it is in fact the same as UBI.


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