autisticaudionerd@beehaw.org to World News@lemmy.mlEnglish · 1 year agoUniversal basic income of £1,600 a month to be trialled in two places in Englandwww.theguardian.comexternal-linkmessage-square22fedilinkarrow-up146arrow-down11
arrow-up145arrow-down1external-linkUniversal basic income of £1,600 a month to be trialled in two places in Englandwww.theguardian.comautisticaudionerd@beehaw.org to World News@lemmy.mlEnglish · 1 year agomessage-square22fedilink
minus-squarehowrar@lemmy.mllinkfedilinkEnglisharrow-up1·1 year agoI would expect this to happen if you just give everyone UBI with no changes anywhere else, but that wouldn’t make any sense. Why do we not consider a setup where we set UBI to X, then reduce everyone’s wages by X?
minus-squareredtea@lemmygrad.mllinkfedilinkEnglisharrow-up2·1 year agoWould reducing wages by X be as effective as reducing ‘passive’ income from assets (by a proportion of X) or by imposing a wealth cap?
I would expect this to happen if you just give everyone UBI with no changes anywhere else, but that wouldn’t make any sense. Why do we not consider a setup where we set UBI to X, then reduce everyone’s wages by X?
Would reducing wages by X be as effective as reducing ‘passive’ income from assets (by a proportion of X) or by imposing a wealth cap?