Re:A Basic Income Is Smarter Than a Minimum Wage
by saalweachter on Monday April 04, 2016 @03:59PM
(#11425000)
The total personal income in the United States is $14.7T (2014); so a $3.2T spending program amounts to a ~22% flat income tax.
Which is interesting when you consider that you'd (presumably) be dissolving Social Security and Welfare in favor of UBI; Social Security is already 12.4%.
What's also fun with UBI is that you then get to assign a numeric value to how socialist your country currently is, eg, 22% socialist. (Personally I'd go for something closer to 30% socialist.)
Which is interesting when you consider that you'd (presumably) be dissolving Social Security and Welfare in favor of UBI; Social Security is already 12.4%.
What's also fun with UBI is that you then get to assign a numeric value to how socialist your country currently is, eg, 22% socialist. (Personally I'd go for something closer to 30% socialist.)