A world of free movement would be $78T richer

Re:A world of free movement would be $78T richer by candiodari on Monday June 25, 2018 @06:10AM (#17391170)

So go back to 99% of just taxing the poor (progressive taxes make taxes very low for very low incomes) ? And in the process create an almost absurdly large incentive for the black market to go back to the levels it last existed at centuries ago. Without deductions, owning a house is back to utterly impossible for anyone who doesn't currently own one. At those levels all other laws become ineffective too, as at that point sausages in the supermarket will have the same quality control as illegal drugs have today. Illegal production, dumping, ... all comes with enormous incentives under such a scheme.

Maybe do some research before suggesting something like this.

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Re:A world of free movement would be $78T richer by gremlinsinc on Monday June 25, 2018 @02:20PM (#17394469)

There is a deduction of sorts.. It's guaranteed basic income. Give everyone 3000 a month per household + 500 per dependent.

Those who own homes/land/property will pay more because they're expenditures are more.

Example: You earn 70k per year, you get 30k for gbi. That's 100k. Of that, you spend 80% on housing, school, food, clothes, toys, w/e, and invest 20% for retirement.

Of that 80% you spend 5% on taxes via sales tax. So roughly $4,000 a year in taxes.

If you earned 30k, and didn't work at all i.e. 30k from gbi alone, and spent all of it, you'd have spent 1500 on taxes, but still be able to feed/clothe/house a family in at least some comfort.

I don't see how that makes life unbearable for everyone? If you're an immigrant who isn't a citizen yet, you'd pay a bit more, but that's the price of coming to America, deal w/ it. At least you'll never be deported, or have your family ripped away from you, etc...

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