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View Poll Results: Could a UBI paired with a flat tax replace our progressive tax and welfare system?
definitely 0 0%
probably 2 5.26%
maybe 8 21.05%
probably not 3 7.89%
definitely not 25 65.79%
Voters: 38. You may not vote on this poll

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Old 05-26-2020, 03:03 PM
 
26 posts, read 19,159 times
Reputation: 29

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What if we replaced our current system with a Universal Basic Income along with a flat tax rate? For example, all citizens 18 or older (independent of income) would receive $2,000 (or other amount) a month stipend and would be taxed 30% (or other percentage) of any income. No tax brackets, no deductions, just a basic flat tax applied to everyone equally.

Any social assistance (health care/ daycare / senior care) would also be available to everyone, regardless of income level.

Could this work? Why or why not?
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Old 05-26-2020, 03:08 PM
 
3,346 posts, read 2,158,655 times
Reputation: 5723
UBI will not be funded by income tax.
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Old 05-26-2020, 03:13 PM
 
5,896 posts, read 4,382,887 times
Reputation: 13411
Flat taxes are nonstarters.
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Old 05-26-2020, 03:24 PM
 
Location: Buckeye, AZ
38,936 posts, read 23,716,899 times
Reputation: 14125
Quote:
Originally Posted by Thatsright19 View Post
Flat taxes are nonstarters.
This. The lower middle class gets hosed.
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Old 05-26-2020, 03:47 PM
 
3,346 posts, read 2,158,655 times
Reputation: 5723
Quote:
Originally Posted by Thatsright19 View Post
Flat taxes are nonstarters.
That, too. It's not just the 'lower middle class'; pretty much everyone gets hosed at the benefit of the upper income brackets.

Why do you think its proponents are always the rich to very rich? (And those who have no clue how progressive tax revenue is structured...)

Sorry, this whole thread is a nonstarter. The OP's question understands neither UBI nor income taxation and then tries to yoke them together.
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Old 05-26-2020, 05:42 PM
 
Location: Sputnik Planitia
7,822 posts, read 11,708,343 times
Reputation: 9044
if there is a $2K UBI I will just retire, no use continuing to work if I can sit on the beach and consume Corona beers on the government's dime while some suckers slog their ass off to pay taxes to take care of me.
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Old 05-26-2020, 05:45 PM
 
3,346 posts, read 2,158,655 times
Reputation: 5723
Quote:
Originally Posted by k374 View Post
if there is a $2K UBI I will just retire, no use continuing to work if I can sit on the beach and consume Corona beers on the government's dime while some suckers slog their ass off to pay taxes to take care of me.
So is it "the government's dime" or taxes from some "working sucker's" earnings?

Or just possibly, neither one. <fx Yakov Smirnov> "What a CONcept!" </fx>
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Old 05-26-2020, 06:09 PM
 
Location: Knoxville, TN
5,818 posts, read 2,633,678 times
Reputation: 5705
Quote:
Originally Posted by Therblig View Post
So is it "the government's dime" or taxes from some "working sucker's" earnings?

Or just possibly, neither one. <fx Yakov Smirnov> "What a CONcept!" </fx>
Well, yeah.

You are aware that the US government possesses not one red cent in their name, right?

Where do you think the revenue comes from? Tax..
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Old 05-26-2020, 06:30 PM
 
Location: Flyover part of Virginia
4,231 posts, read 2,417,517 times
Reputation: 5058
I've said this before and I'll say it again;

When everyone gets $2k/mo for doing nothing, $2k will be worth nothing.
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Old 05-26-2020, 06:32 PM
 
3,346 posts, read 2,158,655 times
Reputation: 5723
Quote:
Originally Posted by Taggerung View Post
When everyone gets $2k/mo for doing nothing, $2k will be worth nothing.
Suppose there's nothing to do. How much is it worth then?
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