[gremlinsinc]

Here's some of my ideas: 1. CEO pay cap @ 20x(or some other similarly reasonable #) of the median salary of the employees. Median salary is 30k ? So I can only earn 600k ? Screw that, I'm going to get everyone closer to 75k, that'll put me at 1.5 mill, that's way better - and everyone profits.

2. Flat but fluid Nationwide Sales Tax (would mean anyone visiting, or staying illegally has to pay taxes -- way better than an income tax.) -- Adjust this yearly as needed to compensate for basic income and other needs. When there's a surplus lower it the next year, when there's a deficit raise it 1-2 cents per dollar.

3. Higher taxes on luxuries like: 4star+ hotels, First Class plane seats, fancy cars, boats, private jets.

4. All recipients must have a roof over their head, and an address to mail the check to.

5. Congress / Senate pay and benefits capped at the national average as well.

6. Allow individuals, ceo's, etc who have more money to "pay it forward" and actually donate money to the government earmarked for the basic income fund. Some of the .01% may actually want to help out the rest.

7. Tax on automation, and companies that use robots to displace workers. The age of the robot worker is coming, this may slow that down if we can make it less of an incentive.

[powertower]

If you took all the money paid to all Walmart employees above the manager position, every last cent, and redistributed it back to the workers, you'd increase their pay by less than $100.

You are assuming that companies are all in a high margin low competition markets, and a bunch of other stuff that is simply not true.

[scep12]

CEO Pay Cap: This would be tough to regulate due to the creative ways that executives get paid.

Luxury Taxes: Not enough volume to make a difference.

Roof: Wouldn't you still need welfare, then? Doesn't this defeat the purpose of basic income (e.g. eliminating the administrative overhead of welfare payments)?

Congress/Senate: They don't make big money from paychecks.

Automation taxing: The overhead of levying that tax in a fair and effective way is dizzying.

[tomjen3]

What is really going to happen:

1) let me fire a bunch of low income workers, this causes the media and average to go up + stock options go up. Oh actually let me take the entire thing in stock options. Also now I work for 1 company that exclusively owns the other companies and only have one other employee who makes millions.

2) I rent everything or move to a different country

3) Same

4) Mother of 3 starved to death because government lost her address notification - read all about it in the news.

5) Only idiots want to run for the Senate.. Oh never mind

6) This will probably work, but I wonder if it will do enough to offset the cost?

7) You want to further incentivize companies to move out of the country?