this post was submitted on 21 Feb 2024
29 points (58.3% liked)
General Discussion
12082 readers
15 users here now
Welcome to Lemmy.World General!
This is a community for general discussion where you can get your bearings in the fediverse. Discuss topics & ask questions that don't seem to fit in any other community, or don't have an active community yet.
πͺ About Lemmy World
π§ Finding Communities
Feel free to ask here or over in: [email protected]!
Also keep an eye on:
For more involved tools to find communities to join: check out Lemmyverse!
π¬ Additional Discussion Focused Communities:
- [email protected] - Note this is for more serious discussions.
- [email protected] - The opposite of the above, for more laidback chat!
- [email protected] - Into video games? Here's a place to discuss them!
- [email protected] - Watched a movie and wanna talk to others about it? Here's a place to do so!
- [email protected] - Want to talk politics apart from political news? Here's a community for that!
Rules
Remember, Lemmy World rules also apply here.
0. See: Rules for Users.
- No bigotry: including racism, sexism, homophobia, transphobia, or xenophobia.
- Be respectful. Everyone should feel welcome here.
- Be thoughtful and helpful: even with βsillyβ questions. The world wonβt be made better by dismissive comments to others on Lemmy.
- Link posts should include some context/opinion in the body text when the title is unaltered, or be titled to encourage discussion.
- Posts concerning other instances' activity/decisions are better suited to [email protected] or [email protected] communities.
- No Ads/Spamming.
- No NSFW content.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.
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?