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   Scott Santens (scottsantens@hachyderm.io)'s status on Saturday, 28-Oct-2023 00:46:50 JST Scott Santens

   in reply to

   Spoiler: UBI doesn't punish work and instead supports and enables more of it.

   https://www.scottsantens.com/did-spains-b-mincome-experiment-prove-that-unconditional-universal-basic-income-doesnt-work-ubi/

   • Embed this notice
     Scott Santens (scottsantens@hachyderm.io)'s status on Saturday, 28-Oct-2023 00:46:51 JST Scott Santens

     I feel like I'm constantly explaining how unconditional basic income is money to do anything, not nothing, whereas typical welfare programs create an incentive to keep one's income low to keep qualifying for the benefit.

     With UBI, everyone is always better off working than not.

     An experiment in Spain looked at the different impacts on work that welfare with a 100% marginal tax rate has compared to a UBI with a 20% MTR, and the results were quite revealing.

     They should also be obvious though.

     AnthonyJK-Admin repeated this.