Basic income doesn't emphasize divisions between poor and working people

Re:Basic income doesn't emphasize divisions between poor and... by majewsky on Monday August 29, 2016 @05:07PM (#12385335)

Or you raise taxes for the rich 1%.

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Re:Basic income doesn't emphasize divisions between poor and... by mseebach on Tuesday August 30, 2016 @12:54AM (#12387628)

The top 1% of americans are about 3 million people and have an average income of 1 million. They already account for just short of half of all income taxes.

Every time you want to raise enough revenue to give the 99% another $1,200 ($100/month), you need to raise taxes on each single member of the 1% by $120,000. And that's on average incomes of a million.

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