>you pay the same in taxes as the basic income, for a net tax rate of zero I think this is the make believe part. In Australia, we have a goods and services ta

>you pay the same in taxes as the basic income, for a net tax rate of zero I think this is the make believe part. In Australia, we have a goods and services tax of 10% on every purchase, plus an income tax of around 19% for amounts from 18-45k (thats low/mid-low). All in all, about 9k in tax for this low bracket. If we're paying that for all 26 million people here.. hey I guess that's probably pretty doable. Damn