Re:Time for a Guaranteed Basic Income?
by icebraining on Saturday January 23, 2016 @02:30PM
(#10959665)
Everyone does get the $12k, but you can effectively raise taxes to "cancel out" those $12k for the rich, maintaining the same effective tax rate for them.
Re:Time for a Guaranteed Basic Income?
by SomeCallMeTim on Saturday January 23, 2016 @03:15PM
(#10959873)
My point is that you can adjust the tax code so that people over some threshold are paying $12k more than they used to, cancelling out the $12k of income. And counting people who are going to have their taxes raised by $12k in the overall cost is disingenuous. Below that threshold taxes will also likely go up, eating up some of the $12k there as well.
Re:Time for a Guaranteed Basic Income?
by icebraining on Saturday January 23, 2016 @03:54PM
(#10960049)
Then we agree :)
Individuals are not the only tax payers, and the wealthy do pay far more than $12,000 per year already.