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bioemerl  ·  2727 days ago  ·  link  ·    ·  parent  ·  post: Second Thoughts About Universal Basic Income

Basic income should be an economic modifier much as the federal interest rates are. The higher inequality rises, the higher basic income, and taxes, should rise with it.

Imagine a world where jobs start dropping away quickly, allowing production to go on without paying workers, killing off the middle class. With a ramping basic income you quickly get compensation for that imbalance that allows jobs to be created again before the tax ramps down when the economy has finished its adjusting in a healthy way. Or it doesn't adjust and the basic income becomes a part of society by default.