so, it's a completely different thread, but I'll make my comment here so that I hope I remember. Spain is on the Euro. It's incredibly hard for a National Basic Income to work without a sovereign currency. If there's a problem with Spain's NBI down the road, remember that this caveat can defend the underlying principle of the NBI advocates - we don't predict that it will work with an external currency. And then I caveat myself: Spain can also get really lucky OR I might just be terrifically wrong.
If this UBI is for the Covid period it all does not matter much... but when it is thought to become permanent:
Well... with your own currency you have more tools
But as such it does not matter when your population is willing to distribute disposable income more equally... and agrees with the simplification of the existing system of allowances (which are in a traditional welfare state like Spain much wider in scope than for example the US)
When Pedro Sanchez took over government last year he did make clear that he was going to increase spending on pensions, health care, education, disabled people, etc
He made also clear that he was going to increase taxes for Big Corporate and income tax for higher incomes (and less decreases of corporate tax for smaller companies).
More solidarity within Spain.
Spain has already a decent progressive income tax system with AFAIK the highest tax percentage of 45% starting already at 60,000 Euro (not many European countries are that progressive in their income tax system)
But it also leaves less room for an increased redistribution from high disposable income to low by a more progressive income tax system. Perhaps up it to 50% at 60,000+ and a new 60% at 80,000+ ???
Adding fancy high percentages at incomes higher than 150,000 etc is not much more than symbol politics. I have nothing against it, but it will hardly add more revenues for the public state. You only get real volume tax adressing the income tax from (higher) middle classes.
Anyway...
The timimg of Sanchez's announcement is interesting: precisely the day before an important EU meeting on how to arrange the money types and money flows to deal with Covid.
Solidarity within the EU
Coincidence ?
Anyway... as you say... a different thread.