3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 1 year agoDoes this plan make sense?lemmy.worldimagemessage-square93fedilinkarrow-up1102arrow-down172
arrow-up130arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 1 year agomessage-square93fedilink
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up24·1 year agoWhere do you get the money for UBI if income tax is abolished?
minus-squaremagiccupcake@lemmy.worldlinkfedilinkarrow-up9arrow-down2·1 year agoLand value tax, also popularly known as georgism.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up2arrow-down24·1 year agoWhere do they get the money for the military budget?
minus-squareMr_Blott@lemmy.worldlinkfedilinkarrow-up22·1 year agoJust so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·edit-21 year agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year agoPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·edit-21 year agoThe tax bracket limits, obviously.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up3arrow-down3·1 year agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up4arrow-down3·1 year agoHow should i know? I’m not American.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up2arrow-down5·1 year agoIf you’re interested at all, here’s how https://fred.stlouisfed.org/series/GFDEBTN/
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up4·1 year agoSo your solution for funding UBI after abolishing income tax is…debt?
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up1arrow-down3·1 year agoThe debt is meaningless anyway, do you think they’ll ever pay it off?
Where do you get the money for UBI if income tax is abolished?
Land value tax, also popularly known as georgism.
Fairies!
Where do they get the money for the military budget?
Just so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate
The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
How should i know? I’m not American.
If you’re interested at all, here’s how
https://fred.stlouisfed.org/series/GFDEBTN/
So your solution for funding UBI after abolishing income tax is…debt?
The debt is meaningless anyway, do you think they’ll ever pay it off?