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A comment on The Indian government is set to endorse Universal Basic Income. Parent comment

Re:The Indian government is set to endorse Universal Basic I... by pkaye on Wednesday January 04, 2017 @11:49AM (#13319793)
So you are taking money out of social security and medicare which currently people earned (you return is somewhat proportional to how much taxes you paid) into a general pool? In that case, we should start applying FICA taxes on investment income also then because then it is a general tax.
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Re:The Indian government is set to endorse Universal Basic I... by Jarwain on Wednesday January 04, 2017 @02:38PM (#13321353)
I would think that medicare becomes a sort of single-payer system; you get the same Basic Income and the costs of the insurance come from the pool.

I do think that some aspects of our tax system could be reworked. Creating a wealth tax and removing income and other redundant taxes seems to be a popular idea[1]

[1](http://www.nytimes.com/2012/11/19/opinion/to-reduce-inequali...)

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Re:The Indian government is set to endorse Universal Basic I... by gertef on Wednesday January 04, 2017 @02:53PM (#13321466)
money is fungible, and SS benefits are extremely extremely loosely proportional to how much taxes you paid.
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