this post was submitted on 12 Jan 2025
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I mean it depends on the context of how UBI is going to get paid for. If it is funded by a wealth tax then I am on board. But that's not how the powerful proponents of UBI say it should be funded. Andrew Yang would have us take it out of Social Security to pay for it but you don't hear him say we should uncap Social Security contributions.
Also, I think rent caps or something need to be introduced as well. I worry about landlords just assuming you have an extra 2,000 on you and then taking it.
But implemented with the right protections, I would love UBI.