My politics are closest to voluntarism. So I don't like any mandatory taxes.
Yet I would prefer the proposed regime better than the redistributionism that we already have, for a few reasons:
- if it was done in conjunction with a flat tax (flat percentage taken in taxes, flat dollar amount returned), it would be much simpler and therefore require much less administration
- it would be more honest and transparent (about the fact that we're stealing from some and giving to others) than what we currently do, in the sense that it "admits" to being income redistribution
- everyone is a welfare recipient, thereby eliminating a government-reinforced class distinction
- people are free to spend their welfare as they please (versus e.g. food stamps)
- under the proposed regime, at least your income increases monotonically with respect to the amount of value you add (versus the current one, where for an increasing percentage of the population, it pays to quit working)
Isn't this the wrong board for this topic?
The problem is that the "low class" (welfare recipients) don't even get 10K/year in redistribution. Where's the rest going? To the Fed (owned by rich people), oil companies (owned by rich people), and to corruption (benefiting rich people). The system described would be almost fair. But so long as the rich and powerful remain in power, we'll never have itthey want taxes to continue lining their pockets.