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It won’t be because landlords will raise the rent accordingly. Besides the hate for the poor is at a all time high
by b3ing 2y ago
It won’t be because landlords will raise the rent accordingly. Besides the hate for the poor is at a all time high
- ttyprintk 2y agoI see that, too. The article links to Altman saying that a 2.5% tax on value of corporations and land could pay for UBI. Two inescapable conclusions: Private companies will proliferate with conveniently hard to calculate value. The relationship between land and rent will only intensify.
- jmclnx 2y agoYes, but to me, UBI can be accomplished by taxing these people plus the ultra rich. For landlords, if total rent exceeds 28% of the renters salary, the amount above that is taxed at 90%. But to me, the best way would be a tax on corporations in an inverse manner compared to CEO Pay. The higher the ratio, the higher the tax For example something like this. Take the ave salary of bottom 10% of wage earners in the company, excluding over time. Compare that to the CEO or the ave of upper management salary, including bonuses and all other non monetary compensation. Use the higher value. Then tax the company full revenue before all deductions at the percent of the ratio difference. You will see things change quickly. This tax will apply to companies outside of the US too. For people without work, there should be $ left over for them.