I did a while ago and i found that if an annual wealth tax rate of 3% on wealth above $10 million is implemented, then it would be enough to give all americans a monthly handout of $300, and that was by rather conservative estimates. It might be higher.
Napkin math will demonstrate to you why UBI is not sustainable on scale, even with an increase in taxes.
mind doing that napkin math?
I did a while ago and i found that if an annual wealth tax rate of 3% on wealth above $10 million is implemented, then it would be enough to give all americans a monthly handout of $300, and that was by rather conservative estimates. It might be higher.
I did it above if you are interested.
Do you believe $300 a month is sufficient for survival using the core idea of UBI?
It’s a start. We’ll see how things develop in the future. A first step needs to be made.
You are also okay with those payments going to the ultra wealthy using the core idea of UBI?
yes, why not?
Because someone with Billions doesn’t need $300 a month that could go to funding social services for people who need them.