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If average monthly salary is €1200, that would mean the Spanish Government would need to tax close to 41% of your income to give everyone a €500 distribution. C
by onlyrealcuzzo 7y ago
If average monthly salary is €1200, that would mean the Spanish Government would need to tax close to 41% of your income to give everyone a €500 distribution. Considering that not everyone works -- the percentage is probably closer to 55%+. But let's be optimistic...
Even if you plan on only taking income from the top 0.1%, that's not going to get you very far. You'd have to take 100% of that just to come up with 10% of the total UBI distributions. That means, you're pretty much back at square one. Everyone gets 36%+ their income taken in taxes, and then they roughly get it right back, with an extra €25 or so added on (best case, more realistically, you'd probably come out €50 behind).
I don't see how the average person benefits from this? I only see how this benefits people who don't work, and incentivizes more people to not work.
You can't say that you can pay for this with existing taxes. If you use all your existing tax revenue for UBI, how are you going to fund everything the government actually does?