Universal Basic Income Is Not Feasible
<i>would require “doubling the personal income tax.” A UBI that pays every American $10,000 a year would cost about $3 trillion</i><p>No, it wouldn&#x27;t. Because if you give an upper middle-class  American $10000 and you raise their tax bill by $12000, you neither <i>actually</i> spent $10k on them, nor did you actually increase his effective tax rate by that much.<p>The idea that an UBI would literally cost the $10k for each person is to not understand basic accounting. Or to be dishonest, I guess.