In Favor: UBI Pays for Itself

Robert E. Wright () and Aleksandra Przegalińska ()
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Robert E. Wright: American Institute for Economic Research
Aleksandra Przegalińska: Kozminski University

Chapter Chapter 9 in Debating Universal Basic Income, 2022, pp 79-83 from Palgrave Macmillan

Abstract: Abstract Tax increases on the rich, reducing tax evasion, cutting wasteful programs, taxing carbon, data, and inheritances, and, if necessary, printing new money could fund a UBI sufficient to help people to quit work and find useful activities. Currently, many people work jobs that pay well but that offer little fulfillment because they are meaningless and unnecessary. By freeing them to live their best lives, UBI and state-guided innovation will make everyone better off and more efficient. So the economic barriers to UBI are minimal; the real barriers are political and ideological. Government spending, not austerity, creates prosperity.

Date: 2022
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DOI: 10.1007/978-3-031-17513-8_9

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