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by pkaye 3454 days ago
So you are taking money out of social security and medicare which currently people earned (you return is somewhat proportional to how much taxes you paid) into a general pool? In that case, we should start applying FICA taxes on investment income also then because then it is a general tax.
2 comments

I would think that medicare becomes a sort of single-payer system; you get the same Basic Income and the costs of the insurance come from the pool.

I do think that some aspects of our tax system could be reworked. Creating a wealth tax and removing income and other redundant taxes seems to be a popular idea[1]

[1](http://www.nytimes.com/2012/11/19/opinion/to-reduce-inequali...)

money is fungible, and SS benefits are extremely extremely loosely proportional to how much taxes you paid.