Yeah, there’s a lot of technicalities involved. Like, do you tax the companies directly, or rather the billionaires owning the companies?
My proposal so far is: Every person who has citizenship has to pay 3% of their total wealth off as wealth tax annually. Which makes sense because if they invest in stock, that stock likely goes up by more than 3% annually (after adjusting for inflation). So they don’t even have to lift a finger to pay off that wealth tax. (Excluding a tax-free amount of $1 million). That would fund surprisingly much. I did some preliminary math, and in germany, such a wealth tax alone would provide every person with citizenship with approximately $120 /month.
Which is just a small support. UBI doesn’t necessarily need to jump from 0 to 100%, maybe it’s easier to introduce it slowly and then increase the value.
If i may ask: what makes you against UBI on some days?
Yeah, there’s a lot of technicalities involved. Like, do you tax the companies directly, or rather the billionaires owning the companies?
My proposal so far is: Every person who has citizenship has to pay 3% of their total wealth off as wealth tax annually. Which makes sense because if they invest in stock, that stock likely goes up by more than 3% annually (after adjusting for inflation). So they don’t even have to lift a finger to pay off that wealth tax. (Excluding a tax-free amount of $1 million). That would fund surprisingly much. I did some preliminary math, and in germany, such a wealth tax alone would provide every person with citizenship with approximately $120 /month.
Which is just a small support. UBI doesn’t necessarily need to jump from 0 to 100%, maybe it’s easier to introduce it slowly and then increase the value.
If i may ask: what makes you against UBI on some days?