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Universal basic income of £1,600 a month to be trialled in two places in England
(www.theguardian.com)
this post was submitted on 04 Jun 2023
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I would expect this to happen if you just give everyone UBI with no changes anywhere else, but that wouldn't make any sense. Why do we not consider a setup where we set UBI to X, then reduce everyone's wages by X?
Would reducing wages by X be as effective as reducing 'passive' income from assets (by a proportion of X) or by imposing a wealth cap?