Not to mention that it also hits business, and some businesses may just choose move to markets without redistribution whereas it may not be as easy for the workers to move. That in turn hits not only the tax base once, but twice (less paid workers, less taxes from businesses).
But the workers that don't move will still have a basic income. Without the 'need' to immediately get new employment, those workers can take the time to train for, or create from scratch, a more fulfilling job at a company that won't pack up and relocate when social welfare is given priority over greed.
But the workers that don't move will still have a basic income.
Unless/until the money runs out, which might happen more quickly than you think if, indeed companies and wealthy individuals start packing up and leaving the country.
Exactly. The money has to come from somewhere, it's a balancing act. Set taxes too high and you lose the tax base and don't generate enough revenue (5% of 0 is still 0), set too low and you may not generate enough revenue.
