Source: Liberal Currents
by Matthew Downhour
“The first state or states to adopt a UBI face a severe issue of adverse selection much more severe than the Federal government deos: individuals with few job prospects might find it worth relocating, especially from nearby states, to establish a minimum income for themselves, whereas higher income individuals or companies subjected to taxes to pay for the UBI might similarly cross state borders to lower their tax bills. These problems are especially acute in the face of income or sales taxes, but even traditional property tax revenues will likely suffer — after all, the sort of big, expensive property development that tends to bring in substantial revenue will also be discouraged if property taxes rise to cover a UBI. This is where an old idea, however, may come in handy — that of a land value tax.” (04/29/24)
https://www.liberalcurrents.com/a-ubi-in-the-united-states-may-necessitate-land-value-taxes/