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This highlights a similar issue I have with student-loan payments as a government worker. I find a system where people pay money to the government only for the
by hirvi74 3mo ago
This highlights a similar issue I have with student-loan payments as a government worker. I find a system where people pay money to the government only for the government to turn around and pay some of that money back to the same people unnecessarily convoluted.
It'd be more practical to net the $12k in UBI against each person's tax liability. If one owes more than $12k in taxes, then he or she pays the difference. If one owes less than $12k, then the government pays out the difference.
- AnthonyMouse 2mo agoYou don't even need it to be that complicated. Just send everyone a check for $1000 every month and then taxes can be collected with a flat rate at the point of sale without needing individuals to even file a tax return. The checks create a progressive rate curve even with a uniform marginal tax rate.