Friday, September 13, 2019

UBI not Reparations

 Those who really deserve reparations and their communities will benefit the most from UBI outside income, since most who deserve reparations are living hand to mouth and will spend the UBI in their neighborhood on goods and services provided by others who may have a bit more to invest either by saving a bit of the UBI or investing other resources saved from outside jobs or other income.  The economic multiplier in neighborhoods of folks who have a history of systematic discrimination is nearly 3 times.  That is each outside dollar is recycled in the neighborhood three times before it is lost to goods and services outside the hood. The UBI given to the rich is sequestered in banks or investments and does nothing for the economy of the wealthy but just as the rich and the poor can live under Freeway overpasses the rich and the poor get the same UBI. Also the poor pay no taxes on UBI, but the rich may well be pushed into the next bracket in a progressive tax plan.  In a progressive VAT the rich will lose most of their UBI to the douchbag tax.  

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