Does this plan make sense?
Does this plan make sense?
90 comments
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Where do you get the money for UBI if income tax is abolished?
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Land value tax, also popularly known as georgism.
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Fairies!
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Where do they get the money for the military budget?
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Just 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
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Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
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This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
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Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
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The tax bracket limits, obviously.
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How should i know? I'm not American.
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If you're interested at all, here's how
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So your solution for funding UBI after abolishing income tax is...debt?
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The debt is meaningless anyway, do you think they'll ever pay it off?
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90 comments