Post
Topic
Board Politics & Society
Re: America can afford a universal basic income
by
Spendulus
on 08/04/2016, 13:08:08 UTC
If the super-rich actually paid what they owe in taxes, the US would have loads more money available for public services

"The Tax Justice Network estimates the global elite are sitting on $21–32tn of untaxed assets. Clearly, only a portion of that is owed to the US or any other nation in taxes – the highest tax bracket in the US is 39.6% of income. But consider that a small universal income of $2,000 a year to every adult in the US – enough to keep some people from missing a mortgage payment or skimping on food or medicine – would cost only around $563bn each year.

A larger income, to ensure that no American fell into absolute abject poverty – say, $12,000 a year – would cost around $3.6tn. ....

What's your opinion?
Bah.

Ridiculous.

Illegal immigrants would simply expand the "lower classes" and absorb any amount of money thrown in that direction.