Everyone would be pushed up an income bracket, there would be no personal deduction of 10 grand because everyone will be making more than that threshold. You would be pushing minimum wage workers into a higher tax brackets and they would pay more taxes as well. If you give the 'stimulus' money to the paycheque-to-paycheque crowd, they are highly likely to spend that money locally, stimulating local economy and pushing up business tax revenue.
Obviously, UBI isn't revenue-neutral, but you could eliminate social programs, transfer payments etc if the government has everyone on a minimum dole. It's the wealthy people that we have to worry about spending the money abroad, not the people living off of McDouble meals.
Everyone would be pushed up an income bracket, there would be no personal deduction of 10 grand because everyone will be making more than that threshold. You would be pushing minimum wage workers into a higher tax brackets and they would pay more taxes as well. If you give the 'stimulus' money to the paycheque-to-paycheque crowd, they are highly likely to spend that money locally, stimulating local economy and pushing up business tax revenue.
Obviously, UBI isn't revenue-neutral, but you could eliminate social programs, transfer payments etc if the government has everyone on a minimum dole. It's the wealthy people that we have to worry about spending the money abroad, not the people living off of McDouble meals.