[scotty79]

I propose progressive real estate tax to finance UBI.

If you have a lot of property, it costs you more to pay the tax on it than it would cost if the ownership of those properties was split between many smaller owners.

Obviously property owned by you includes properties owned by your subsiduaries so you can't fake-split ownership.

This tax apart from financing UBI will encourage small real estate ownership and will curb the effect where UBI is sucked away by landlords just raising the rent.

Calculation could be fairly easy. To get progressive tax you just take currently tax paid by you and your subsidiaries on the property you own, raise it to some power, like 1.2 (should be fine-tuned), and deduct progressive tax that your subsidiaries pay on that property. I think that should work. Maybe there are better methods?

You could gradually raise the factor over months and years so that large property owners have time to unload and you can control drop in real estate prices due to that.

[nealbozeman]

It's a private CBDC, so a private CBDC couldn't collect on property tax. Anyway, I'm considering only dead-simple ways to fund the UBI, which means tapping in to all money across the system continuously, evenly.

[scotty79]

Ah, right. Good luck!

CB in CBDC means central bank ... I thought it was a theoretical excercise from the point of view of a state actor.

I don't think it can be done privately.

To distribute value as UBI you must first acquire value and digital currencies have only one way of acquiring value, by drawing in greedy capitalists with ponzi-like promises of huge gains coming from widespread adoption by whatever suckers they can find.

So booting up your currency would be a problem because initially it would have zero value.

I wonder what could be other ways of transferring value into a new currency apart from promises of meteoric rise of the price.

Other idea is what tether did. Getting value into their currency by promising price stability. Then the other qualities of crypto like ease if transaction and direct untaxability drew the value to it as long as the promise holds.