3 ms·
Pretty simple, return to a 90% top tax rate and give the proceeds out as Basic Income. This shit situation we are in is not sustainable, we have levels of inequ
by nunya213 8y ago
Pretty simple, return to a 90% top tax rate and give the proceeds out as Basic Income. This shit situation we are in is not sustainable, we have levels of inequality in the US not seen since the roaring 20s and we all know how that ended.
- AstralStorm 8y agoEven 100% tax rate is not enough to pay for a meaningful UBI, even in the US. You will have to take major budget cuts somewhere. Suppose we tax Forbes 500 at 100% level and the companies too. That would provide about 2 billion USD a year. Divided by population it will be less than $2k a person yearly. Suppose you tax top 10%, I'd expect that to double this number. Still way not enough. And we're not even close to military budget.