Hacker News new | ask | show | jobs
by lawrenceyan 2425 days ago
I prefer Andrew Yang's method of adding on a general value added tax in addition to providing a basic income. This ensures a distribution of wealth that guarantees a minimum base while not discouraging people from aiming higher by forcing a cap on income.
1 comments

I support basic income, but I'm not a big fan of value added tax. It's a corporate tax that ends up being paid by consumers. Investments and buying abroad is often except, so it ends up as a somewhat regressive tax.
So something in the vein of an increased capital gains tax?