3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2 years agoDoes this plan make sense?lemmy.worldimagemessage-square47linkfedilinkarrow-up11arrow-down11
arrow-up10arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2 years agomessage-square47linkfedilink
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up0·2 years agoWhere do you get the money for UBI if income tax is abolished?
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up0arrow-down1·2 years agoWhere do they get the money for the military budget?
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up0·2 years agoHow should i know? I’m not American.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up0arrow-down1·2 years agoIf you’re interested at all, here’s how https://fred.stlouisfed.org/series/GFDEBTN/
minus-squareAnnoyed_🦀 @monyet.cclinkfedilinkarrow-up0·2 years agoSo your solution for funding UBI after abolishing income tax is…debt?
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up0arrow-down1·2 years agoThe debt is meaningless anyway, do you think they’ll ever pay it off?
minus-squareMr_Blott@lemmy.worldlinkfedilinkarrow-up0·2 years 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-up0·2 years agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up0arrow-down1·2 years agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Where do you get the money for UBI if income tax is abolished?
Where do they get the money for the military budget?
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?
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.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.