▲ 1034 ▼ Calls to tax the superrich grow as economic inequality surges (www.aljazeera.com) submitted 2 years ago by alphacyberranger@sh.itjust.works to c/world@lemmy.world 97 comments fedilink hide all child comments
[–] triptrapper@lemmy.world 1 point 2 years ago (1 child) UBI wouldn't aim to get rid of billionaires since they would also receive payments. But it would help get rid of poverty, no? permalink fedilink source parent hideshow 2 child comments replies: [–] Rivalarrival@lemmy.today 1 point 2 years ago By itself, probably not. I mean, it's not a bad idea, but it would probably just drive inflation through the roof. The part of UBI that would be most beneficial would be the tax structure needed to pay for it. The wealthiest among us would go out of their way to avoid such taxation, and in doing so, they would buy more, spend more, charge less. All the activities they undertake to avoid taxation end up as income to the people they buy from. permalink fedilink source parent
[–] Rivalarrival@lemmy.today 1 point 2 years ago By itself, probably not. I mean, it's not a bad idea, but it would probably just drive inflation through the roof. The part of UBI that would be most beneficial would be the tax structure needed to pay for it. The wealthiest among us would go out of their way to avoid such taxation, and in doing so, they would buy more, spend more, charge less. All the activities they undertake to avoid taxation end up as income to the people they buy from. permalink fedilink source parent