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Presumably though you just increase income tax to recover some or all of that from people who are employed? So the actual cost should be significantly lower.
by blacksmith_tb 11y ago
Presumably though you just increase income tax to recover some or all of that from people who are employed? So the actual cost should be significantly lower.
- Jtsummers 11y agoThat tax revenue isn't just from (personal or corporate) income tax. There are a number of other sources of federal tax revenue which could be increased without a (direct) impact on the same people intended to benefit from a UBI (though it will have an indirect impact).
- tankenmate 11y agoSome argue that if an UBI is introduced then a flat rate tax should be applied to all other income; in the US this would lead to reasonably large income tax increase.
- deleted 11y ago[deleted]
- bryanlarsen 11y agoYes, taxes on the average worker would go up by the same amount as they're receiving in basic income. So the effective costs of a basic income program are a very small fraction of $3.2 trillion.