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"Doubling income taxes" sounds scary, but a large portion of the working population would roughy break even as the increase in taxes would simply be offset by t
by qqqwerty 5y ago
"Doubling income taxes" sounds scary, but a large portion of the working population would roughy break even as the increase in taxes would simply be offset by the UBI they receive.
A negative income tax is probably the best way to implement a UBI as it would require only distributing money to those that are below the income threshold, and it would prevent political opponents from trotting out big scary numbers on how much it would cost, while ignoring the necessary accounting required to truly estimate the financial impacts.