Universal Basic Income vs Negative Income Tax

[wasupaloopa]

3. The other basic economic theory is

the money has to come from somewhere.

If there is no labor but there is robotics who has capital to build robotics?

Who earns money so they can be taxed to provide the basic income?

I think basic income proponents do not see The whole picture.

Why would someone want to expend capital to provide goods that result in income that is taxed to provide income to those purchasing the goods. They would be better off doing nothing.

The goods get consumed and need to be replaced.

At some point the capital will run out since the return is taxed which becomes the income to purchase the goods. More and more capital is needed but it isn't an infinite supply.

Eventually the system will grind to a hault