Comment by atemerev
9 years ago
Modern pension / retirement plans are barely possible and probably will be significantly downsized.
UBI will require 20-30x more resources, which firmly put it in the realm of fantasies.
(I'm not saying anything about moral aspects of UBI. Just that it is impossible to actually implement, at least with modern population levels).
That's mostly a function of taxation though, isn't it? I agree that UBI won't be possible with the current system of mainly taxing workers and reducing the taxation of everyone else (common trend in most western countries), but that's not a given or do you think we won't be able to change that?
It is impossible even with taxing everybody 100% and redistributing everything.
"Mainly taxing workers" provides the bulk of taxation revenues not because it is the easiest thing politically — it is because of where the money is. The money is in the middle class. The rich are too few, and the poor are too poor.