A 1.5% annual stock dilution tax on corporations with revenue over $100M would raise over $1.4 trillion a year — enough to send every American about $365 a month, automatically.
UBI is favored by the right because they want to replace actually significant payments entirely with that $365, then add toll roads everywhere that “reclaim” $400 per month.
The only right wing response to UBI I hear is “get a job” flavored contempt and emphatic commitment to making sure it never happens, any sort of redistribution is against their whole ethos.
Transferring a portion of the stock market to everyone is not something that would be easily undone, and directly increases the political influence of the poorest segment of society just by making them less desperate and giving more leeway for how they can spend their time. To me the main argument against UBI that holds water isn’t that it wouldn’t work, but that our democracy isn’t legitimate enough for it to be possible to get to the point where an acceptable version of it is instituted despite it being strongly in the interests of most people; that the companies whose value would be put to a worthwhile cause have enough sway to pick the options where we’re jailed and killed en-mass instead.
I really like this way of doing it, direct redistribution of corporate wealth
UBI is favored by the right because they want to replace actually significant payments entirely with that $365, then add toll roads everywhere that “reclaim” $400 per month.
Forget half measures, 1.5% measures aren’t enough.
The only right wing response to UBI I hear is “get a job” flavored contempt and emphatic commitment to making sure it never happens, any sort of redistribution is against their whole ethos.
Transferring a portion of the stock market to everyone is not something that would be easily undone, and directly increases the political influence of the poorest segment of society just by making them less desperate and giving more leeway for how they can spend their time. To me the main argument against UBI that holds water isn’t that it wouldn’t work, but that our democracy isn’t legitimate enough for it to be possible to get to the point where an acceptable version of it is instituted despite it being strongly in the interests of most people; that the companies whose value would be put to a worthwhile cause have enough sway to pick the options where we’re jailed and killed en-mass instead.
Citation needed.
https://time.com/7300894/andrew-yang-forward-party-elon-musk-america-party-third/
Andrew Yang is a pretty terrible representative for the right, from his 2020 platform:
negotiated drug costs, socialized manufacturing (public grocery stores anyone?)
ban the sale of automatic weapons, gun buyback
automatic tax filing
I don’t find this a compelling reference at all.