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by chrishynes
4592 days ago
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Equitability is not absolutely necessary, but it is a great selling point. With a scheme like this, one would replace a system full of loopholes (for the rich) and handouts (for the poor) with a simple flat system. Everybody gets $x/yr, and everybody pays y% in taxes on all income after that (not just earned income). No deductions, no credits, no loopholes, no welfare state (other than the UBI). |
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