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The total personal income in the United States is $14.7T (2014); so a $3.2T spending program amounts to a ~22% flat income tax. Which is interesting when you c
by saalweachter 11y ago
The total personal income in the United States is $14.7T (2014); so a $3.2T spending program amounts to a ~22% flat income tax.
Which is interesting when you consider that you'd (presumably) be dissolving Social Security and Welfare in favor of UBI; Social Security is already 12.4%.
What's also fun with UBI is that you then get to assign a numeric value to how socialist your country currently is, eg, 22% socialist. (Personally I'd go for something closer to 30% socialist.)