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Anyone with a 4th grade knowledge of mathematics would realize this is a terrible idea. Even the research states this would raise GDP if you didn't raise taxes

Anyone with a 4th grade knowledge of mathematics would realize this is a terrible idea. Even the research states this would raise GDP if you didn't raise taxes and pay for it with debt. Its the socialist dream to simply create money out of thin air or put it on credit. But the rich can be taxed more right?

KGIII 9y ago
Yes, the rich can be taxed more. I can easily afford more taxes. I don't mind paying my taxes, though I have some complaints about how they are spent.
- ImSkeptical 9y ago
  You realize you can overpay your taxes and not take refunds. Or, alternatively, give to charity equivalents (and not deduct from taxes). If you think that you personally should pay more in taxes, that's within your power!
  - SimbaOnSteroids 9y ago
    Yes but him alone does not a difference make.
  - matthewmacleod 9y ago
    This is a flippant response. Progressive taxation works primarily because those with broad shoulders contribute the most. Individuals contributing more to government income at the individual level does not have the same results, primarily because the benefits of higher taxation can only be realised if the policy is universally applied.
    - the_d00d 9y ago
      Given the context...I think his response was apt
    - conanbatt 9y ago
      The point is that the person wanting to pay more taxes is not hindered from doing so. The idea is being able to force the ones that dont want to do it, to do it. Of course a policy universally applied will be more effective, but its silly to say its what people want. If people want to give more, they can.
    - ImSkeptical 9y ago
      The comment I'm replying to writes: >I can easily afford more taxes. I don't mind paying my taxes That person's argument is "I don't mind" and therefore taxes should be increased. My point is that just because that individual commenter doesn't mind, that doesn't generalize to everyone else who would be paying more in taxes. In other words "I don't mind paying more" is an argument for you to pay more taxes. It's not an argument for me to pay more taxes, because I do mind. My comment is trying to raise this idea, albeit in a somewhat flip way.
  - KGIII 9y ago
    You'd probably be a bit surprised at both what I pay for taxes and what I donate.
- thatonechad 9y ago
  This response doesn't really even matter because the rich wouldn't be taxed enough to actually pay for it. And if they were it would hinder economic growth. You also realize the top 50% of income earners in the US pay 100% of the taxes. You also realize the top 10% earners pay 37% of the income taxes. So at what point is enough enough? The entire premise of UBI is counter productive as it is. We can act like the differ but we all know that people will simply drop out of the work force when they don't have to work. Wouldn't this be a solution to any third world country is to simply supply a UBI to its citizens? Why wouldn't Venezuela do this if it was so great? Such a big risk to attempt that ignores economics 101.
  - KGIII 9y ago
    My response was only addressing that we can pay more in taxes, easily. It would not even be a burden. What it's spent on is another matter entirely. I can't speak for Venezuala as I don't live there. I doubt they have a GDP great enough to be very effective in these regards.
  - yahna 9y ago
    > You also realize the top 50% of income earners in the US pay 100% of the taxes. You also realize the top 10% earners pay 37% of the income taxes. Yes, this is the entire point of tax brackets. > So at what point is enough enough When they pay more.
- jerkstate 9y ago
  You should self-impose the tax rate you see fit and donate the difference to the causes that you would prefer your taxes to be spent towards, and encourage your other rich friends to do the same.
  - KGIII 9y ago
    I do, and I do. If you're curious, you can even donate money to the government. In my case, I like donating to NASA. However, you can't earmark the funds, they have to go into NASA's general account.

KGIII 9y ago

Yes, the rich can be taxed more. I can easily afford more taxes. I don't mind paying my taxes, though I have some complaints about how they are spent.

ImSkeptical 9y ago
You realize you can overpay your taxes and not take refunds. Or, alternatively, give to charity equivalents (and not deduct from taxes). If you think that you personally should pay more in taxes, that's within your power!
- SimbaOnSteroids 9y ago
  Yes but him alone does not a difference make.
- matthewmacleod 9y ago
  This is a flippant response. Progressive taxation works primarily because those with broad shoulders contribute the most. Individuals contributing more to government income at the individual level does not have the same results, primarily because the benefits of higher taxation can only be realised if the policy is universally applied.
  - the_d00d 9y ago
    Given the context...I think his response was apt
  - conanbatt 9y ago
    The point is that the person wanting to pay more taxes is not hindered from doing so. The idea is being able to force the ones that dont want to do it, to do it. Of course a policy universally applied will be more effective, but its silly to say its what people want. If people want to give more, they can.
  - ImSkeptical 9y ago
    The comment I'm replying to writes: >I can easily afford more taxes. I don't mind paying my taxes That person's argument is "I don't mind" and therefore taxes should be increased. My point is that just because that individual commenter doesn't mind, that doesn't generalize to everyone else who would be paying more in taxes. In other words "I don't mind paying more" is an argument for you to pay more taxes. It's not an argument for me to pay more taxes, because I do mind. My comment is trying to raise this idea, albeit in a somewhat flip way.
- KGIII 9y ago
  You'd probably be a bit surprised at both what I pay for taxes and what I donate.
thatonechad 9y ago
This response doesn't really even matter because the rich wouldn't be taxed enough to actually pay for it. And if they were it would hinder economic growth. You also realize the top 50% of income earners in the US pay 100% of the taxes. You also realize the top 10% earners pay 37% of the income taxes. So at what point is enough enough? The entire premise of UBI is counter productive as it is. We can act like the differ but we all know that people will simply drop out of the work force when they don't have to work. Wouldn't this be a solution to any third world country is to simply supply a UBI to its citizens? Why wouldn't Venezuela do this if it was so great? Such a big risk to attempt that ignores economics 101.
- KGIII 9y ago
  My response was only addressing that we can pay more in taxes, easily. It would not even be a burden. What it's spent on is another matter entirely. I can't speak for Venezuala as I don't live there. I doubt they have a GDP great enough to be very effective in these regards.
- yahna 9y ago
  > You also realize the top 50% of income earners in the US pay 100% of the taxes. You also realize the top 10% earners pay 37% of the income taxes. Yes, this is the entire point of tax brackets. > So at what point is enough enough When they pay more.
jerkstate 9y ago
You should self-impose the tax rate you see fit and donate the difference to the causes that you would prefer your taxes to be spent towards, and encourage your other rich friends to do the same.
- KGIII 9y ago
  I do, and I do. If you're curious, you can even donate money to the government. In my case, I like donating to NASA. However, you can't earmark the funds, they have to go into NASA's general account.