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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by leothecool on Thursday July 30, 2020 @01:48AM (#23995072)
Wait, so my taxes would only double? Not being sarcastic at all: this makes UBI sound possible even without a carbon tax. The top bracket would still be lower than what it was in 1960.
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Re:Universal Basic Income is Capitalism 2.0 by mjburgess on Thursday July 30, 2020 @02:13AM (#23995192)
Not quite. The tax take would double from a consumption tax.

Total retail sales (https://www.statista.com/statistics/443495/total-us-retail-s...) is c. 6T.

Assuming that most of the 4T comes from taxing the activity represented by retail sales (a very safe bet), you need to get most of 4T from 6T. Ie., you're basically doubling the prices of retail goods -- including food.

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