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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.
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.
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>
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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