(November 28, 2014 at 10:41 am)Rhythm Wrote: Where does the money come from to pay for this basic income? In what way would it differ from a minimum wage or current welfare? Hmn......deja-vu....
The money comes from taxing rich people and rich companies like Walmart. The advantage of a Universal basic income over a minimum wage is that it does not price the least productive, least desirable workers out of the labor market. It doesn't give an advantage to businesses that our able to pay your minimum wage by eliminating competition from businesses that are unable to pay your minimum wage. It doesn't allow an employer to discriminate against women or minorities without any economic consequences like a minimum wage does(if you want to see what I am talking about...do some research on the Davis-Bacon act).
