Quote:
Originally Posted by Stillman16
Yes, the VAT wouldn't be the only way, I'm sure a creative way could be thought up, that targeted those that can afford it more. Wealth tax, Luxury vehicle tax (or maybe just new vehicle tax, while not collecting on older vehicles), Inheritance taxes (over a certain threshold), the Carbon tax is a form of wealth redistribution as well, since lower income people get more back than spent.
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I think the point is, in order to afford a UBI, we'd need taxes on EVERYTHING - higher rates on the taxes we already have, taxes on things that are currently exempt and all sorts of new types of taxes, i.e. wealth, inheritance, etc.
I haven't fully bought into the idea of UBI, but I do think that if we're going to implementing a simplified form of government assistance, it would be a wasted opportunity not to simplify the tax code at the same time... Eliminate a bunch of exemptions, raise consumption taxes across the board, etc.