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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 5.41%
maybe 7 18.92%
probably not 3 8.11%
definitely not 25 67.57%
Voters: 37. You may not vote on this poll

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Old 05-26-2020, 02:03 PM
 
21 posts, read 8,583 times
Reputation: 28

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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, 02:08 PM
 
1,963 posts, read 495,223 times
Reputation: 3155
UBI will not be funded by income tax.
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Old 05-26-2020, 02:13 PM
 
3,548 posts, read 2,252,435 times
Reputation: 7996
Flat taxes are nonstarters.
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Old 05-26-2020, 02:24 PM
 
Location: Buckeye, AZ
31,254 posts, read 17,641,610 times
Reputation: 11348
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, 02:47 PM
 
1,963 posts, read 495,223 times
Reputation: 3155
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, 04:42 PM
 
Location: Olympus Mons, Mars
6,504 posts, read 9,277,138 times
Reputation: 7025
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, 04:45 PM
 
1,963 posts, read 495,223 times
Reputation: 3155
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, 05:09 PM
 
Location: Knoxville, TN
3,469 posts, read 1,131,173 times
Reputation: 3476
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, 05:30 PM
 
Location: Heart of flyover America
643 posts, read 253,951 times
Reputation: 1222
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, 05:32 PM
 
1,963 posts, read 495,223 times
Reputation: 3155
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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