Yes, it definitely has to be recalculated frequently. If it doesn’t, it will be about as useful as the US minimum wage after some time.
But as I said, most people wouldn’t have significantly more or less money than they do today. At least I carefully calculated those numbers so that most people would have pretty much the same, for Germany in 2019. So I don’t really expect prices to go up drastically.
It’s not that people suddenly have 1000€ extra. Either their unemployment benefits get replaced by that UBI, or they now have to pay an extra 1000€ in taxes.
it’s not even supposed to be an “extra 1000€ in taxes”, it would just be gradually eaten up by taxes the more you make.
the big problem is, a lot of people on long-term sick pay who are not allowed to work would get less from this system. there needs to be something to deal with that.
Yes, it definitely has to be recalculated frequently. If it doesn’t, it will be about as useful as the US minimum wage after some time.
But as I said, most people wouldn’t have significantly more or less money than they do today. At least I carefully calculated those numbers so that most people would have pretty much the same, for Germany in 2019. So I don’t really expect prices to go up drastically.
It’s not that people suddenly have 1000€ extra. Either their unemployment benefits get replaced by that UBI, or they now have to pay an extra 1000€ in taxes.
it’s not even supposed to be an “extra 1000€ in taxes”, it would just be gradually eaten up by taxes the more you make.
the big problem is, a lot of people on long-term sick pay who are not allowed to work would get less from this system. there needs to be something to deal with that.