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"Once more of us are familiar with it, the Basic Income Guarantee should be an easy sell politically. It gives money to poor people, reduces taxes for rich peop
by tghw 11y ago
"Once more of us are familiar with it, the Basic Income Guarantee should be an easy sell politically. It gives money to poor people, reduces taxes for rich people..."
I don't have my work from the last time I ran the numbers, but I recall that the break-even point on increased taxes vs. guaranteed income was at about $70,000.
This didn't take into account the potential of eliminating social programs, but even without those, a BIG would require tax increases on the order of doubling the US federal government revenue. While I like the concept, I don't think you can sell it this way.
- bitJericho 11y agoAlso you'd have to get over the hurdle of people calling it communism XD That would be very tough.