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I haven't listened to the podcast yet, but it is my understanding from past discussions of this idea is that cutting all the other social welfare programs would
by joshuaheard 11y ago
I haven't listened to the podcast yet, but it is my understanding from past discussions of this idea is that cutting all the other social welfare programs would pay for the basic income and bring conservatives on board.
I like the idea of a national sales tax with a prebate. Everyone pays the national sales tax instead of income tax. A prebate is given to everyone to rebate them for taxes paid on necessities like food. The prebate is similar to a basic income. A tax on spending instead of income has many advantages like not penalizing production, encouraging savings, easier reporting requirements, etc.