Common Objections to Basic Income
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There are two fundamental objections to basic income that need a particularly well considered response. One of these objections refers to an expected tax increase and its economic consequences. The claim is that the aggravated tax burden would impair the incentives for work and the willingness to invest by so much that economic output—and thereby redistributable wealth—would substantially decline. Such decline of redistributable wealth could then be detrimental also to the least advantaged.
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