Re:Basic income would not reduce people’s willingness to work
by bryanlarsen on Tuesday January 18, 2022 @07:59AM
(#29978334)
There are no other taxes capable of pulling in trillions of dollars annually. So it'll have to be at least partially on income tax.
(I hate saying trillions of taxes when talking about UBI. Since most of the effect of the increased taxes is just a clawback, on net the tax is only in the hundreds of billions).
Morally, there's also a good case for taxing income for UBI -- it's a fair claw back for those that don't need UBI.
But there's a solid base to your argument -- we definitely should be increasing other taxes and decreasing income taxes in general.
(I hate saying trillions of taxes when talking about UBI. Since most of the effect of the increased taxes is just a clawback, on net the tax is only in the hundreds of billions).
Morally, there's also a good case for taxing income for UBI -- it's a fair claw back for those that don't need UBI.
But there's a solid base to your argument -- we definitely should be increasing other taxes and decreasing income taxes in general.