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This would cost Switerland about $168B annually, which is equivalent to their total tax receipts today. I assume that they could get rid of a number of governme
by rdlecler1 11y ago
This would cost Switerland about $168B annually, which is equivalent to their total tax receipts today. I assume that they could get rid of a number of governmental services, but seemingly you'd need to increased taxes above the current 40% income tax level. it's hard to see how the economics could work.
That said, it would be interesting to see how basic income might affect entrepreneurship in the US. Entrepreneurs might not have to move to high cost cities like San Francisco and maybe this would encourage more remote work.
- JoeAltmaier 11y agoNobody ever factors in the BI in that tax equation. For some (many?) people, they'd just get their additional tax money back again as their BI payment - net zero.
- asuffield 11y agoThat doesn't sound plausible. You expect to pay for basic income with net zero money? The only way this works is if people with productive jobs end up with less money than today.
- lotharbot 11y agoNot necessarily net zero, but net "a lot less than it looks like". There are a lot of tax breaks that are designed to reduce the tax burden of the middle class -- things like mortgage interest deductions -- that could be eliminated in a "Basic Income" setting.
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- Joof 11y agos/productive/high income
- deleted 11y ago[deleted]