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this post was submitted on 18 Oct 2023
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On top it's also how the entire tax system works, and for good reason.
You earn 500k.
First 100k: 10% tax. second 100k: 20% tax. ... Last 100k: 50% tax.
You make more, you contribute more. That's how the dream worked very well for a long time. It's just that the higher tax brackets went down and down and down... giving everyone random money for nothing every month fixes no social inequality issues at all. Potentially making it worse.
You've got the "from each according to their ability" part. The tax and welfare system we have now is missing the "to each according to their needs" part. A UBI is literally an overnight thing we can implement now, to vastly improve the lives of the most downtrodden, and it'll save money in the long run for the government.
Ah, I've heard something similar referred to as a progressive tax. Same thing? You're right, that's a good policy.