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Where do you get the money for UBI if income tax is abolished?
24 0 ReplyLand value tax, also popularly known as georgism.
9 2 ReplyFairies!
2 0 ReplyWhere do they get the money for the military budget?
2 24 ReplyJust so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate
The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
22 0 ReplyDing ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
8 2 ReplyThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
3 3 ReplyPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
1 1 ReplyThe tax bracket limits, obviously.
2 1 Reply
How should i know? I'm not American.
4 3 ReplyIf you're interested at all, here's how
2 5 ReplySo your solution for funding UBI after abolishing income tax is...debt?
4 0 ReplyThe debt is meaningless anyway, do you think they'll ever pay it off?
1 3 Reply