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With a progressive taxation, the gap between high and low income narrows. Low income people may not even notice a change in tax bracket, if any such thing happe
by thesz 2y ago
With a progressive taxation, the gap between high and low income narrows. Low income people may not even notice a change in tax bracket, if any such thing happen, high income people will give back a substantial part of that additional income. I believe, up to 50+% in some US states.
This may slightly change median, I think.
- superfrank 2y agoIs UBI a necessary part of progressive taxation? Maybe I'm missing something, but it seems like that same thing can be accomplished without UBI. Am I thinking about that wrong?
- rvrs 2y agoCan you do me a quick favor and Google what progressive taxation means?
- superfrank 2y agoI know what a progressive tax is and I don't believe UBI is a pre-req to be able to implement a more progressive tax structure. I worded my response as a questions because this isn't an area that I have done a lot of research on and I'm not confident enough in my understanding to be sure of that. I'd rather ask a question than assert my uncertain belief.
- thesz 2y agoI do not know. I just pointed out that progressive taxation makes UBI more sensible in the "more equitable society" sense. But I do not like the notion of "more equitable society" at all. I do not think it is fair or useful.
- rbanffy 2y agoIt's also worthwhile to reduce taxation at the lowest end, as long as the extra taxes are used to provide basic human rights such as universal and comprehensive healthcare.