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So you’re assuming rich guys will spend so much that 40% of their spent money will cover 60% of the entire UBI budget? Or do you also want rich guys to pay inco

So you’re assuming rich guys will spend so much that 40% of their spent money will cover 60% of the entire UBI budget? Or do you also want rich guys to pay income tax? No matter how I look at this I don’t see it working without a massive forced wealth redistribution from rich to poor.

mitthrowaway2 2y ago
It's a mathematical certainty. Let me introduce it another way: the government imposes a 40% sales tax and then distributes the resulting revenue evenly as UBI, however much it is. Do you still have concerns about the program not covering the UBI budget? Aside from that, wealth follows a power law, so the rich guys do spend a lot. They have some very fancy champagne. I also elsewhere mentioned that the consumption value of land ownership (the equivalent rent) should be included in the sales tax, so that will be quite a substantial redistributionary force.