3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2 年前Does this plan make sense?lemmy.worldimagemessage-square93linkfedilinkarrow-up1102arrow-down173
arrow-up129arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2 年前message-square93linkfedilink
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up24·2 年前Where do you get the money for UBI if income tax is abolished?
minus-squaremagiccupcake@lemmy.worldlinkfedilinkarrow-up9arrow-down2·2 年前Land value tax, also popularly known as georgism.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up2arrow-down24·2 年前Where do they get the money for the military budget?
minus-squareMr_Blott@lemmy.worldlinkfedilinkarrow-up22·2 年前Just so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·2 年前Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up3arrow-down3·2 年前This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAnticorp@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2 年前Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·2 年前The tax bracket limits, obviously.
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up4arrow-down3·2 年前How should i know? I’m not American.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up2arrow-down5·2 年前If you’re interested at all, here’s how https://fred.stlouisfed.org/series/GFDEBTN/
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up4·2 年前So your solution for funding UBI after abolishing income tax is…debt?
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up1arrow-down3·2 年前The debt is meaningless anyway, do you think they’ll ever pay it off?
Where do you get the money for UBI if income tax is abolished?
Land value tax, also popularly known as georgism.
Fairies!
Where do they get the money for the military budget?
Just so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate
The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.
How should i know? I’m not American.
If you’re interested at all, here’s how
https://fred.stlouisfed.org/series/GFDEBTN/
So your solution for funding UBI after abolishing income tax is…debt?
The debt is meaningless anyway, do you think they’ll ever pay it off?