- Joined
- Oct 4, 2011
- Messages
- 27,204
- Reaction score
- 13,299
- Location
- CT
- Gender
- Male
- Political Leaning
- Undisclosed
Universal basic income is not a minimum wage. Universal basic income is a pension provided by the government to everyone, with any monies earned on the free market applying on top of that. The tax rates may be higher than you like, but it's actually a freer market than the current system because both the employer and employee are free to negotiate the price of labor without coercion on either side.
I get the premise, however, you have to understand something...
Who pays those increased taxes? The people relying on the basic wage promise? No, right? So, the people making more? Like....the 1%? Also known as, the business owners? What this would pretty much do is have businesses pay, via taxes, for a wage promise that would then allow for a "more level playing field" for wage negotiations between...the business that pays for the wage promise, and the people GETTING it.
That is an UNfree market.
I'm not saying I'm against the idea of it, on the face of it at least. But call a spade a spade.