An Honest Discussion About A Universal Basic Income

By Economics Explained.

Comment:

Universal is not necessarily fair, especially not to large families. The Zero Population Growth movement and the UBI movement have some overlap. If every person got $1000 per month, we would be in business and could fund it with consumption and asset value added taxes. With every trade, put on a 25% bite (20% of price). The rich will pay.

Minimum wages need to go up to something like $12 per hour in US, or $11 if work week is shortened to 32 hours. Anyone who cannot get a job at that rate can do training (ESL, GED, AA) and be paid the minimum wage to participate. Include $1000 per child per month additional pay for wages or government benefits, funded as an offset to employer paid subtraction value added taxes. 

With 3 VAT streams, plus salary surtaxes on income over $85,000 up to 52% and there is plenty of money.