this post was submitted on 10 Oct 2023
398 points (98.5% liked)

Futurology

1764 readers
187 users here now

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Peaty@sh.itjust.works 4 points 1 year ago

Yes I am aware that the top bracket was at one point 90%. Immalso aware that by changing that with the 1983 tax reforms we dropped tax rates while getting MORE tax revenue. That means that 90% is probably too high.

Regardless even with those brackets we don't have enough money to cover UBI in any meaningful way. We cannot tax the population enough to cone up with the trillions needed. Anyone suggesting we do have that money is likely uneducated in economics and has no idea how things work.