Got a reference? Pro-UBI and anti-billionaire as I am, I’ve done the math and I don’t think that checks out. Meaningful UBI has an annual price tag in the trillions, and even if you assume 90%+ top bracket tax rates there aren’t enough billionaires in the US to foot that bill. Other programs would have be discontinued and/or rolled in, and tax rates increased across the board.
Daily reminder that everyone in America could have UBI if billionaires just paid what they currently owe in taxes.
Got a reference? Pro-UBI and anti-billionaire as I am, I’ve done the math and I don’t think that checks out. Meaningful UBI has an annual price tag in the trillions, and even if you assume 90%+ top bracket tax rates there aren’t enough billionaires in the US to foot that bill. Other programs would have be discontinued and/or rolled in, and tax rates increased across the board.