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What you do not consider is that all serious UBI initiatives will see UBI as a _replacement_ to multiple other already existing welfare programs such as housing
by Y-bar 2y ago
What you do not consider is that all serious UBI initiatives will see UBI as a _replacement_ to multiple other already existing welfare programs such as housing stipends, childcare benefits, maternity leave benefits, illness benefits, food stamps, veteran care... Not only will those be removed if UBI is implemented, the bureaucracy around those benefits will be eliminated or significantly reduced which means that more of the money paid in taxes will be distributed to people.
As far as my own tax burden, I pay a marginal tax rate of about 33% and would have no issue increasing that. I also think I pay too little in property taxes for my house. I am also getting a tax write-off to my loan which means I can take on a higher loan that I maybe should have (this write-off is bad on a macro scale because of the increased risk), I think that write-off should be phased out. There are also other taxes to adjust such as Tobacco taxes, VAT:s (we have four tiers today: 0, 6, 12, and 25 percent VAT depending on the type of good), Wealth taxes, Carbon taxes, and Financial taxes such as those on dividends and transactions.