The new European Citizens' Initiative for Unconditional Basic Income has been launched. It will be examined by the commission if one million citizens support it, so I invite you to sign it and share it: https://eci.ec.europa.eu/014/public/#/screen/home
#EuropeanCitizensInitiative #ECI #BasicIncome #UBI #FundamentalRights #EuropeanUnion #EU
Jeff Allen
I understand what #UBI is as a *concept* what I don't follow is how it would work in terms of *math*.
Can someone please explain the *working math* behind the concept?
Also, how is it expected to interact with the Laffer Curve?
In terms of maths, it depends on the implementation.
UBI is no different from social benefits that almost all countries have except that they're mostly conditional (for child, for unemployed, for homeless etc) while UBI is simply unconditional, granted to everyone.
Then UBI can be compared against tax free income, or income threshold for which you don't pay income tax, that is universal except it only applies to people who earn money from employment.
Utilitarian: to reduce income disparity in the society beyond levels at which they threaten stability.
Based on Christian/Muslim ethics: because it's the right thing to do.
