Also, the option for some sort of scaled UBI would be great too imo.
Quick question, why do I want to keep producing when I just get taxed to pay for those who refuse to work? So next year you've got one more mouth to feed and a lot less resources to do so.
But it's okay, print more money to give to the last guy working, quadrillions of dollars, and tax him at 99.999999% and redistribute (totally not print, not at all) those inflated dollars to everyone. We'll all be rich!
Why did the they keep producing in the 50s and 60s with a 90% tax rate?
Because they know that if they don't.. someone else will.. no matter what the tax rate.
I'm not going to explain to you why people would work instead of settle for 12k a year.
And your first statement isnt clear how it's correlated to taxes.
Further, the UBI experiments don't produce any benefit beyond one-time grants, as seen in other experiments, perhaps even less because the trickle payment doesn't give you the capital to move to find better work or anything.
Lifetime welfare has proven harmful, how will super-welfare be better? If anything has destroyed American cities its welfare ghettos and the malaise and crime that comes with it.
IT's not inflationary. Its redistribution.