4 ms·

Taxing only the wealthiest americans could easily fund a UBI for everyone else. The middle class will not have to make any sacrifices

fart_ratty 7y ago
If we were somehow able to liquidate the net worth of every billionaire in the US without any losses it might just about cover UBI, $1000/month for every adult, for one year. How are you planning to fund it for every year after the first.
umvi 7y ago
And do said wealthiest Americans get a say? They are going to be kicking and screaming (and rightfully so).
- iron0013 7y ago
  They should get one vote per person, the same as anyone else. That that puts them at a numerical disadvantage is their own fault for fostering economic inequality in the first place.
  - umvi 7y ago
    "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage." --Alexander Fraser Tytler s/public treasury/untapped wealthy individuals and corporations/g Also, which step are we on? Seems like we are on the "From apathy to dependence" stage.
jamil7 7y ago
The wealthiest will find ways of either not paying those taxes or leave the country.
hkai 7y ago
Did you do the math? Somehow it doesn't work out
seneca 7y ago
That's a great way to see the wealthiest people flee your country in droves.

fart_ratty 7y ago

If we were somehow able to liquidate the net worth of every billionaire in the US without any losses it might just about cover UBI, $1000/month for every adult, for one year. How are you planning to fund it for every year after the first.

umvi 7y ago

And do said wealthiest Americans get a say? They are going to be kicking and screaming (and rightfully so).

iron0013 7y ago
They should get one vote per person, the same as anyone else. That that puts them at a numerical disadvantage is their own fault for fostering economic inequality in the first place.
- umvi 7y ago
  "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage." --Alexander Fraser Tytler s/public treasury/untapped wealthy individuals and corporations/g Also, which step are we on? Seems like we are on the "From apathy to dependence" stage.

jamil7 7y ago

The wealthiest will find ways of either not paying those taxes or leave the country.

hkai 7y ago

Did you do the math? Somehow it doesn't work out

seneca 7y ago

That's a great way to see the wealthiest people flee your country in droves.