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You are talking about the net result. But in the end, the government is going to pay everyone this amount. So let's say government taxes income at a higher perc
by koonsolo 6y ago
You are talking about the net result. But in the end, the government is going to pay everyone this amount. So let's say government taxes income at a higher percentage, so that the middle class basically gets the same net amount. How high will you need to tax those middle class jobs?
- balfirevic 6y agoIf the middle class basically gets the same net amount, they would need to have their taxes increased by the same amount as UBI. That just follows from the premise of your question. What is that in terms of tax rate? I don't know, Dane-pgp seems to have already answered with a concrete proposal.
- koonsolo 6y ago> That just follows from the premise of your question. That is a bit too simplistic of a calculation, since a tax rate also affects lower and upper class. You might as well end up with way less tax income by applying that simple rule. And that complete proposal is very weak: only 666 pounds per month UBI, which doesn't even cover rent, and the average full-time employee loses 4.2K per year. If that is the best, ideal calculatio you can come up with, it is very weak, no?