Comments by "" (@TheHuxleyAgnostic) on "The Case for Universal Basic Income" video.

  1. How to fund UBI is extremely important. If you're not shaving wealth from the very top and handing it down, then the money is coming from elsewhere. Yang is lying when he claims a VAT is a way to make giant corporations, like Amazon, and the super rich like Bezos, "pay their fair share". It is built right into a VAT system that businesses get paid back for their input VAT, and the final consumer ends up paying the entire tax. Since it won't tax Amazon, handing consumers $3t will only make Amazon richer. If only 20% is spent on retail and Amazon owns 5% or retail, Yang's VAT/UBI scheme will make Amazon an extra $30b a year. That would make Bezos an extra $3.6b a year. He'd have to spend over $36b a year on goods and services with a VAT to pay in more than he gets out.
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