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Or why not appropriately tax them, especially the ultra high income ones who sneak out of paying with dodgy capital gains and shell company plots, then use that

Or why not appropriately tax them, especially the ultra high income ones who sneak out of paying with dodgy capital gains and shell company plots, then use that money to give appropriate stimulus?

Proziam 7y ago
If we assume that we need 1,000 dollars per month for every adult in the country that means we'd have to increase taxes on "the ultra-high-income" to the tune of [0]209,128,094 * 1000 = $209,128,094,000 per month. Or, $2,509,537,128,000‬ per year. We're talking about 'giving away' (using the term loosely here) 25% more than the combined market cap of FAANG every other year. Put another way, that is 76% of annual federal tax revenue at [1]current levels. No way that's sustainable. [0]https://www.infoplease.com/us/comprehensive-census-data-state/demographic-statistics-342 https://www.infoplease.com/us/comprehensive-census-data-stat... [1.1]https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762 https://www.thebalance.com/current-u-s-federal-government-ta... [1.2]https://nypost.com/2018/07/12/universal-basic-income-would-cost-taxpayers-3-8t-per-year-study/ https://nypost.com/2018/07/12/universal-basic-income-would-c...