Universal: Everyone gets it, no means testing, no bureaucracy and the cost associated with that.
Basic: You are not buying caviar and exotic holidays, just enough to live and pay rent.
Income: Therefore taxed.
E.g. If UBI is 1000 a month it will likely push people into a higher tax bracket therefore their after tax income will not be 1000 more and for the richest they should be taxed more than they revive from the UBI. Basically we need to sort out a proper taxation system before this can be implemented.
Universal: Everyone gets it, no means testing, no bureaucracy and the cost associated with that.
Basic: You are not buying caviar and exotic holidays, just enough to live and pay rent.
Income: Therefore taxed.
E.g. If UBI is 1000 a month it will likely push people into a higher tax bracket therefore their after tax income will not be 1000 more and for the richest they should be taxed more than they revive from the UBI. Basically we need to sort out a proper taxation system before this can be implemented.