> people still have some money with which to pay rent
And as a result, money will devalue, and rents will go up. So long as UBI recipients are competing with each other over housing, that's how it will work.
> since UBI as "proposed" my comment would replace other safety nets like unemployment benefits.
If UBI is universal, why would unemployment benefits be cut? wouldn't that mean the unemployed get comparatively less?
> to pay for the rest of UBI you wouldn't just print money but instead raise taxes
The problem with this is that tax rates now follow from UBI.
Previously we might say "The tax people pay is X% of income".
Now we pay a fixed sum $Y to everyone and we need to make up for $Y * P ; where P is the size of the population.
that means the average tax payed needs to be $Y per person. This obviously can't be equally distributed (otherwise Y = 0) but now the relative tax rate depends explicitly on population size. You've just moved the goalpost by making income less relevant, and citizenship more relevant; Now every new immigrant making less than average wage, increases the tax rate for everyone making more than average wage. Instead of opposing tax rates, the wealthy will oppose immigration rates.
The benefit of not guaranteeing tax-derived UBI, is that no one has to care who enters the country, b/c it doesn't have any effect on them.
And as a result, money will devalue, and rents will go up. So long as UBI recipients are competing with each other over housing, that's how it will work.
> since UBI as "proposed" my comment would replace other safety nets like unemployment benefits.
If UBI is universal, why would unemployment benefits be cut? wouldn't that mean the unemployed get comparatively less?
> to pay for the rest of UBI you wouldn't just print money but instead raise taxes
The problem with this is that tax rates now follow from UBI.
Previously we might say "The tax people pay is X% of income".
Now we pay a fixed sum $Y to everyone and we need to make up for $Y * P ; where P is the size of the population.
that means the average tax payed needs to be $Y per person. This obviously can't be equally distributed (otherwise Y = 0) but now the relative tax rate depends explicitly on population size. You've just moved the goalpost by making income less relevant, and citizenship more relevant; Now every new immigrant making less than average wage, increases the tax rate for everyone making more than average wage. Instead of opposing tax rates, the wealthy will oppose immigration rates.
The benefit of not guaranteeing tax-derived UBI, is that no one has to care who enters the country, b/c it doesn't have any effect on them.