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Except that his reasoning seems flawed. He says that expanding the Finland trial would require "taxing citizens double what you’re taxing them now". Finland ha
by tristanburnside 11y ago
Except that his reasoning seems flawed. He says that expanding the Finland trial would require "taxing citizens double what you’re taxing them now".
Finland has about 5.5 million in population (this counts children)
So 800 * 12 * 5.5mil = 52.8 Billion euro
Finland GDP is about 290 Billion euro and their tax take as a % GDP is 20-25%. That's at least 58 Billion euro.
So while it would take a lot of work to find the money, it seems that this statement is not really true either.
- mc32 11y agoSo what's the budget left for infrastructure, defense, R&D, education, disasters, emergencies?
- ntumlin 11y ago20% * 300 billion = 60 billion is where they're at now, add on 58 billion to pay for basic income and you've doubled taxes.
- spangry 11y agoI'm guessing the number would be a fair bit lower when you subtract the savings from abolishing the existing unemployment welfare system (and the cost of administering it). And, in theory, those previously on 'tapering welfare' now face less of a disincentive to work, so there'd be a bump in pretty much any tax revenue base correlated with GDP (i.e. almost all of them). EDIT: Just to give you a sense of what I mean about EMTRs, here's a chart from Australia's most recent tax system review -> http://i.imgur.com/jhRYXiB.png?1 http://i.imgur.com/jhRYXiB.png?1 . The interaction of the tax and welfare system means low income earners face an effective marginal tax rate of almost 80% at certain points of the income range (mostly due to payment tapering).