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Just implement UBI adjusted to inflation paid for by VAT and then people are anti-exploitable since they're then not dependant on a job for survival; if you can
by loceng 5y ago
Just implement UBI adjusted to inflation paid for by VAT and then people are anti-exploitable since they're then not dependant on a job for survival; if you can't infer how this benefits reducing weekly work hours in negotiation and that's why you're downvoting then you're an idiot.
- KaiserPro 5y agoI don't see how VAT can raise enough for UBI, it needs income tax as well. edit "I would say it would need income and corporation tax as well" (makes it a bit clearer that its a personal assertion rather than researched.)
- loceng 5y agoYou may eventually be able to do it just with VAT; Andrew Yang doesn't like income tax, taking money away for work they're doing, but he hasn't put that forward as a policy proposal yet - ideally better to implement things step by step.
- elzbardico 5y agoVAT is the worst tax you can choose to pay for UBI. The poorer someone is, more of their income goes into purchasing stuff. So, you'd penalize people who don't earn that much, while letting off people who earn enough to be able to actually invest part of their income instead of buying stuff.
- loceng 5y agoNo, you're assuming a flat VAT on everything. The solution to that is adjust what and how much of a VAT is applied, e.g. staples like diapers, period products, etc. perhaps have a 0% tax, and then you could say put an 80% VAT on advertising.
- jdasdf 5y agoWhen will central planners learn that is a terrible idea?
- tryauuum 5y agoCan you elaborate more on your comment?
- adolph 5y agoThat 80% VAT on diaper and period product advertising, it comes from where? Could it just possibly increase the cost of good sold?
- loceng 5y ago0% on diapers etc, 80% on advertising. It does increase the costs of goods but you increase it only in places where it's affordable. At $1,000 USD UBI, at the VAT that Andrew Yang wanted to implement, you'd have to spend something like $200,000/year on non-staple goods before you're actually paying into the system.
- adolph 5y ago> but you increase it only in places where it's affordable Who is "you?" Even if large multinationals cooperate with your business plan preferences, doesn't that just lead to inefficient locale arbitrage and cops choking out people for P2P loosie diaper transactions? https://en.wikipedia.org/wiki/Loosie https://en.wikipedia.org/wiki/Loosie
- elzbardico 5y agoAndre Yang just want UBI without him have to pay income or wealth tax. One of the few consensus in economics is that taxes on consumption penalize the poor and the middle class more than the rich, and that we should instead tax income, inheritance and even wealth if our goal is equity. But somehow we are going to ignore it, because a rich entrepreneur who would be penalized by income, wealth and inheritance taxes come out with some badly hashed theory on how VAT is a superior choice, and then we would have to come out with an absurdly complex system of different tax rates, just moving things a little up in the scale for the middle-class, that is not doing that great in the last 30 years to start.
- adolph 5y agoAndre sounds like Andrew’s more pragmatic sibling. It is much easier to tax the future than anyone else.
- 5y ago
- imtringued 5y agoIt is strange indeed. Investing money is good because it makes the UBI go further because there are more products to buy but if rich people are investing and not buying products then where is the money for the UBI supposed to come from in the first place? If the bottom population survives off UBI and they buy products wouldn't 80% of the money just accumulate in the bank account of the company owner until the tax revenue is no longer able to pay for the UBI?
- PinguTS 5y ago#funfact: To implement an affordable UBI "paid" by VAT you need to increase the VAT so that its not anymore an affordable UBI.
- loceng 5y agoOh, you have the math to cite to back that up?