Re:If we can afford our current welfare system, we can affor...
by ac29 on Friday January 29, 2016 @01:14AM
(#10993801)
I reread your article, and maybe I was being too harsh. You gave an example of a 50% flat tax (which you admitted is too high), but I think what would be more interesting is to see what a progressive tax would look like to remain revenue neutral while providing a reasonable level of BI.
I dont think basic income is tenable in the US without raising taxes on high income earners, perhaps significantly.
Re:If we can afford our current welfare system, we can affor...
by MaxGhenis on Friday January 29, 2016 @11:13AM
(#10996010)
Yes I'd like to do that. Net tax burden (taxes - BI) still shouldn't change under the revenue-neutral approach, since they'd be equal between NIT and BI.
I dont think basic income is tenable in the US without raising taxes on high income earners, perhaps significantly.