Hacker News new | ask | show | jobs
by jaggederest 2876 days ago
Completely agree. I think my back of the envelope calculations were that paying for a reasonable UBI in the US would require a new flat income tax in the 12% range, a wealth tax in the 2% per annum range, or a land value tax in the 8% range. I don't think that any of those would be too huge a disincentive for Mr. Musk - most of his ventures seem to yield either -100% or +30% per annum.
1 comments

But adding another 12% on upper middle class workers such as myself would create a very large disincentive to work harder.