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"A larger income, to ensure that no American fell into absolute abject poverty – say, $12,000 a year – would cost around $3.6tn. That is a big number, but one t
by steve19 11y ago
"A larger income, to ensure that no American fell into absolute abject poverty – say, $12,000 a year – would cost around $3.6tn. That is a big number, but one that once again seems far more reasonable when considered through the lens of the Panama Papers and the scandal of global tax evasion"
Regardless of what you think about UBI, the Panama Papers do not prove it could or could not work.
The US Federal Budget is $3.8 trillion. There is no way tax not being paid in Panama is coming even close to the $3.6 tn they mention.
This article is just click bait.
- majewsky 11y ago> The US Federal Budget is $3.8 trillion. There is no way tax not being paid in Panama is coming even close to the $3.6 tn they mention. 1. The 3.6tn figure is for the whole world. The US will only be a chunk of that, although probably a large chunk. 2. Why do you not consider these numbers plausible? On what factual basis can you dispute that the US is not in fact missing out on, say, 20-40% of their possible tax income because of tax evasion?
- theandrewbailey 11y agoThere are a little over 300,000,000 people in the USA. $12,000 × >300,000,000 = >$3,600,000,000,000 There are a little over 7 billion people on earth: $12,000 × >7,000,000,000 = >$84,000,000,000,000,000