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Can someone enlighten me on where would the money come from? Spain annual revenue from taxes seems was $320B in 2019. If they spent all of it on UBI, it would t
by tomerico 7y ago
Can someone enlighten me on where would the money come from? Spain annual revenue from taxes seems was $320B in 2019. If they spent all of it on UBI, it would translate to just $500 a month a person.
- banads 7y agoAre you sure? 320,000,000,000 / 47,000,000 = 6808.51
- williamdclt 7y ago6808.51 / 12 = 567.37 :)
- gorbypark 7y ago$6808 per year is about $567/mo.
- nathell 7y agoNow divide by 12, and it's in the $500pm ballpark.
- leetcrew 7y agoand 6808 / 12 ~= 500
- sweeneyrod 7y agoUBI can be taxed as Income.
- thatguy0900 7y agoWhat would be the point of the government giving people a check only to immediately take some back as taxes? Why not just give less?
- sweeneyrod 7y agoYou could certainly do that, but it might be logistically easier to just calculate it when taxes are filed. I'm not sure how different governments treat existing taxable benefits.