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by tracker1 3728 days ago
Well, what is really needed is a tax on international transactions... the moving of anything in, and currency out of the country. That would make evasion and funds shifting far less attractive. Beyond that would be what would be for some a very high base tax rate, universally... something close to 50%. I just have a problem with more than half of what you make going to taxes.

From there, funds should be dispersed into accounts... A portion would go to every tax paying citizen (filing income tax required for prior year) as a UBI. Everyone would get the same amount, every week.

Of the rest part would be distributed to states based on land size. Part would go to states based on population. The rest would be towards any federal spending...

In that, the budget would have to fit the means based on a percent of tax collected first... that would shift incentives a bit.

A UBI would also allow for many state and federal welfare programs and subsidies to be nuked. A larger portion multiplier could be applied to citizens over 65, then again at 70... To put those going into retirement years in a better position, displacing Social Security.

1 comments

Taxing international transactions like international commerce and small things like travel? I don't think that would be good. We've been spending the better part of the last seven decades eliminating barriers to international transactions because of the problems tariffs caused... This would be a step backwards in that direction.
It can be incredibly easy and transparent... I'm not saying you can't order something internationally, only that it's taxed at the transaction... that's pretty close to how VAT systems work. Only that the tax is at the currency exchange, not the goods, to prevent cheating the system.
protectionism and peace: pick one