….. is likely to come from:
- people who have closed minds to new ideas
- rent-seekers who realise a universal income is a direct deduction from the unearned economic rent they’re now receiving
- those people wrongly believing we need a pool of unemployment to curb inflation (NAIRU)
- bureaucrats administering the current welfare system
- those who don’t want the current income tax (and transfer) regime to be undermined by a universal income
- those believing people will become ‘couch potatoes’ and not want to work given greater freedom to choose what they want to do
- sundry others
Are these reasons sufficient to reject a universal income that will abolish poverty and the charity industry – by permanently assisting those most in need?
Of course, there is the essential corollary that a universal income needs to be supported by the taxing of land values to curb inflation – instead of inflation-adding income taxes, sales taxes and escalating land prices.