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> A basic income can be funded by taxing bad things, things we need less of, such as pollution, financial transactions, and extreme wealth. Why do we need fewe
by brandonmenc 11y ago
> A basic income can be funded by taxing bad things, things we need less of, such as pollution, financial transactions, and extreme wealth.
Why do we need fewer financial transactions?
- com2kid 11y agoThis also neglects that after taxing those things, less of those things will exist, thus decreasing tax revenue.
- WalterBright 11y agoI.e. if pollution is taxed, there'd be less of it? I'd vote for that!
- com2kid 11y agoWell yes, that is a good thing. But it doesn't work if the government does their math assuming revenue from that tax is constant!
- madeofpalk 11y agoHence the 'Carbon tax'
- jessriedel 11y agoHe's gesturing at the "finance is evil, we need to tax each transaction" body of thought. http://www.nytimes.com/2015/07/22/opinion/the-case-for-a-tax-on-financial-transactions.html http://www.nytimes.com/2015/07/22/opinion/the-case-for-a-tax...
- pbreit 11y agoMight be referring to High Frequency Trading which is relatively useless. But a tax would unlikely raise much revenue because it would go away.