Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Universal Basic Income/Andrew Yang Discussion

AltaGuy · 09-11-2020, 11:07 AM

I think it would be exceptionally difficult to provide a UBI without massive buy-in from large corporations/employers.

A major impetus for UBI is the simple fact that Western economies are the world's consumers. Lower labour force participation means low consumption, which craters demand for the many goods that corporations need to sell to keep the economy afloat.

But progressive taxation on individuals will never get there. It has to be done through taxing corporations (who need the consumers). And to do that, you'll have to punish corporations by withholding access to your consumer market should they not fairly accept the taxation or try to move jurisdictions.

Basically, I don't see how UBI works without buy-in from large corporations, but I also don't see how it is realistically possible to make them pay for it. So, I doubt it happens unless we have to because the world economy is cratering without a healthy consumer base.

09-11-2020, 11:07 AM	#67
AltaGuy AltaGuy has a magnetic personality and exudes positive energy, which is infectious to those around him. He has an unparalleled ability to communicate with people, whether he is speaking to a room of three or an arena of 30,000. Join Date: Jun 2007 Location: At le pub... Exp:	I think it would be exceptionally difficult to provide a UBI without massive buy-in from large corporations/employers. A major impetus for UBI is the simple fact that Western economies are the world's consumers. Lower labour force participation means low consumption, which craters demand for the many goods that corporations need to sell to keep the economy afloat. But progressive taxation on individuals will never get there. It has to be done through taxing corporations (who need the consumers). And to do that, you'll have to punish corporations by withholding access to your consumer market should they not fairly accept the taxation or try to move jurisdictions. Basically, I don't see how UBI works without buy-in from large corporations, but I also don't see how it is realistically possible to make them pay for it. So, I doubt it happens unless we have to because the world economy is cratering without a healthy consumer base.