> Where do you think all this Income is going to come from?
As I mentioned:
> divert those funds from corporations into the hands of the people
To be fair, it's true that won't cover the entire bill. However, between reducing spending in other welfare programs, the increase in economic output and implementing a VAT, the gap closes pretty quickly.
As a sibling comment mentions, the math is pretty straightforward. Let's also not forget the second- and third-order benefits to society and the economy that will result from most of the population having more purchasing power and economic freedom.
Do you think it's fine that Amazon and friends pay next to nothing in taxes by exploiting the tax code? Why are we (taxpayers) subsidizing mega corps who are making money hand over fist?
>> divert those funds from corporations into the hands of the people
There's a limit to how much you can tax corporations until they just up and leave. Just ask Sweden in the 70's.
> To be fair, it's true that won't cover the entire bill. However, between reducing spending in other welfare programs, the increase in economic output and implementing a VAT, the gap closes pretty quickly.
All UBI programs I've seen also require deficit spending. And good luck canceling other welfare programs.
> Let's also not forget the second- and third-order benefits to society and the economy that will result from most of the population having more purchasing power and economic freedom.
People will have more dollars, but between increased taxes and inflation from deficit spending, I'm very suspect that people will have more purchasing power.
> Do you think it's fine that Amazon and friends pay next to nothing in taxes by exploiting the tax code? Why are we (taxpayers) subsidizing mega corps who are making money hand over fist?
I have no idea what Amazon should pay in any moral sense, but I'm fine with taxing them more so long as
1) A marginal increase in tax rates would increase net revenues (and not drive jobs/business offshore)
2) The increase in tax revenue was for a compelling public interest (not merely because "they're not paying their fair share") OR because it involved closing a tax exemption that was not available to their competitors (so that the market stays competitive)
As I mentioned:
> divert those funds from corporations into the hands of the people
To be fair, it's true that won't cover the entire bill. However, between reducing spending in other welfare programs, the increase in economic output and implementing a VAT, the gap closes pretty quickly.
As a sibling comment mentions, the math is pretty straightforward. Let's also not forget the second- and third-order benefits to society and the economy that will result from most of the population having more purchasing power and economic freedom.
Do you think it's fine that Amazon and friends pay next to nothing in taxes by exploiting the tax code? Why are we (taxpayers) subsidizing mega corps who are making money hand over fist?