β² 30 βΌ Does this plan make sense? (lemmy.world) submitted 2 years ago by 3volver@lemmy.world to c/general@lemmy.world 89 comments fedilink hide all child comments
[β] Annoyed_Crabby@monyet.cc 24 points 2 years ago (3 children) Where do you get the money for UBI if income tax is abolished? permalink fedilink source hideshow 6 child comments replies: [β] magiccupcake@lemmy.world 7 points 2 years ago Land value tax, also popularly known as georgism. permalink fedilink source parent [β] Anticorp@lemmy.world 2 points 2 years ago Fairies! permalink fedilink source parent [+] 3volver@lemmy.world [S] -22 points 2 years ago (2 children) Where do they get the money for the military budget? permalink fedilink source parent hideshow 4 child comments replies: [β] Mr_Blott@lemmy.world 22 points 2 years ago (1 child) 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 permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [β] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [β] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent [β] Annoyed_Crabby@monyet.cc 1 point 2 years ago (1 child) How should i know? I'm not American. permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -3 points 2 years ago (1 child) If you're interested at all, here's how https://fred.stlouisfed.org/series/GFDEBTN/ permalink fedilink source parent hideshow 2 child comments replies: [β] Annoyed_Crabby@monyet.cc 4 points 2 years ago (1 child) So your solution for funding UBI after abolishing income tax is...debt? permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
[β] magiccupcake@lemmy.world 7 points 2 years ago Land value tax, also popularly known as georgism. permalink fedilink source parent
[+] 3volver@lemmy.world [S] -22 points 2 years ago (2 children) Where do they get the money for the military budget? permalink fedilink source parent hideshow 4 child comments replies: [β] Mr_Blott@lemmy.world 22 points 2 years ago (1 child) 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 permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [β] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [β] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent [β] Annoyed_Crabby@monyet.cc 1 point 2 years ago (1 child) How should i know? I'm not American. permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -3 points 2 years ago (1 child) If you're interested at all, here's how https://fred.stlouisfed.org/series/GFDEBTN/ permalink fedilink source parent hideshow 2 child comments replies: [β] Annoyed_Crabby@monyet.cc 4 points 2 years ago (1 child) So your solution for funding UBI after abolishing income tax is...debt? permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
[β] Mr_Blott@lemmy.world 22 points 2 years ago (1 child) 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 permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [β] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [β] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[β] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [β] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [β] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[β] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent
[β] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[β] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[β] Annoyed_Crabby@monyet.cc 1 point 2 years ago (1 child) How should i know? I'm not American. permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -3 points 2 years ago (1 child) If you're interested at all, here's how https://fred.stlouisfed.org/series/GFDEBTN/ permalink fedilink source parent hideshow 2 child comments replies: [β] Annoyed_Crabby@monyet.cc 4 points 2 years ago (1 child) So your solution for funding UBI after abolishing income tax is...debt? permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
[β] 3volver@lemmy.world [S] -3 points 2 years ago (1 child) If you're interested at all, here's how https://fred.stlouisfed.org/series/GFDEBTN/ permalink fedilink source parent hideshow 2 child comments replies: [β] Annoyed_Crabby@monyet.cc 4 points 2 years ago (1 child) So your solution for funding UBI after abolishing income tax is...debt? permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
[β] Annoyed_Crabby@monyet.cc 4 points 2 years ago (1 child) So your solution for funding UBI after abolishing income tax is...debt? permalink fedilink source parent hideshow 2 child comments replies: [β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
[β] 3volver@lemmy.world [S] -2 points 2 years ago The debt is meaningless anyway, do you think they'll ever pay it off? permalink fedilink source parent
