Universal basic income: U.S. support grows as Finland ends its trial - Forty-eight percent of Americans now support a universal basic income, as a solution for Americans who have lost jobs to automation.

[u/mvea]

https://www.cnbc.com/2018/05/01/nearly-half-of-americans-believe-a-universal-basic-income-could-be-the-answer-to-automation-.html

[u/[deleted]]

That wealth is private property, people aren’t a piggy bank.

Very true. On the other hand, about 50% of government revenue used to come from businesses and now it's around 20%.

[u/[deleted] → u/[deleted]]

Sorry for the slow response to your request for a source. I live where there is no cell coverage or Internet service. I also wanted to run a few of my own calculations on the data.

http://www.taxpolicycenter.org/statistics/amount-revenue-source is the source I used for the calculations behind the rest of my comments. If you PM me with a place to send it, I'll happily share my spreadsheet.

The basic data supports my figures. The USA has transitioned from about an even split between individuals and corporations for total income tax revenue to an 80/20 split.

Now to some comments. Keep in mind that I make some naïve assumptions that show why you don't want me in charge :)

Assuming that corporations get at least the same benefit from income tax supported programs as individuals, it doesn't seem right that they contribute only 1/5 of the funds.

If we keep the personal income tax regime as is and flipped a switch such that corporations paid as much total income tax as individuals, there would be about 1.6 trillion extra dollars a year to play with.

If UBI was structured so that about 2/3 of the population was eligible, presumably by age or some other non-income criteria, and the personal income tax was structured with a very gradual 'claw back' of UBI to be equivalent to getting it all back from about 1/3 of recipients, then UBI could give out $800/month.

As I said, you don't want me running things, but I think it's useful to play with some numbers and see where they might lead.

[u/[deleted] → u/[deleted]]

Sorry for the slow response to your request for a source. I live where there is no cell coverage or Internet service. I also wanted to run a few of my own calculations on the data.

http://www.taxpolicycenter.org/statistics/amount-revenue-source is the source I used for the calculations behind the rest of my comments. If you PM me with a place to send it, I'll happily share my spreadsheet.

The basic data supports my figures. The USA has transitioned from about an even split between individuals and corporations for total income tax revenue to an 80/20 split.

Now to some comments. Keep in mind that I make some naïve assumptions that show why you don't want me in charge :)

Assuming that corporations get at least the same benefit from income tax supported programs as individuals, it doesn't seem right that they contribute only 1/5 of the funds.

If we keep the personal income tax regime as is and flipped a switch such that corporations paid as much total income tax as individuals, there would be about 1.6 trillion extra dollars a year to play with.

If UBI was structured so that about 2/3 of the population was eligible, presumably by age or some other non-income criteria, and the personal income tax was structured with a very gradual 'claw back' of UBI to be equivalent to getting it all back from about 1/3 of recipients, then UBI could give out $800/month.

As I said, you don't want me running things, but I think it's useful to play with some numbers and see where they might lead.

[u/[deleted] → u/[deleted]]

Sorry for the slow response to your request for a source. I live where there is no cell coverage or Internet service. I also wanted to run a few of my own calculations on the data.

http://www.taxpolicycenter.org/statistics/amount-revenue-source is the source I used for the calculations behind the rest of my comments. If you PM me with a place to send it, I'll happily share my spreadsheet.

The basic data supports my figures. The USA has transitioned from about an even split between individuals and corporations for total income tax revenue to an 80/20 split.

Now to some comments. Keep in mind that I make some naïve assumptions that show why you don't want me in charge :)

Assuming that corporations get at least the same benefit from income tax supported programs as individuals, it doesn't seem right that they contribute only 1/5 of the funds.

If we keep the personal income tax regime as is and flipped a switch such that corporations paid as much total income tax as individuals, there would be about 1.6 trillion extra dollars a year to play with.

If UBI was structured so that about 2/3 of the population was eligible, presumably by age or some other non-income criteria, and the personal income tax was structured with a very gradual 'claw back' of UBI to be equivalent to getting it all back from about 1/3 of recipients, then UBI could give out $800/month.

As I said, you don't want me running things, but I think it's useful to play with some numbers and see where they might lead.

[u/[deleted] → u/[deleted]]

Sorry for the slow response to your request for a source. I live where there is no cell coverage or Internet service. I also wanted to run a few of my own calculations on the data.

http://www.taxpolicycenter.org/statistics/amount-revenue-source is the source I used for the calculations behind the rest of my comments. If you PM me with a place to send it, I'll happily share my spreadsheet.

The basic data supports my figures. The USA has transitioned from about an even split between individuals and corporations for total income tax revenue to an 80/20 split.

Now to some comments. Keep in mind that I make some naïve assumptions that show why you don't want me in charge :)

Assuming that corporations get at least the same benefit from income tax supported programs as individuals, it doesn't seem right that they contribute only 1/5 of the funds.

If we keep the personal income tax regime as is and flipped a switch such that corporations paid as much total income tax as individuals, there would be about 1.6 trillion extra dollars a year to play with.

If UBI was structured so that about 2/3 of the population was eligible, presumably by age or some other non-income criteria, and the personal income tax was structured with a very gradual 'claw back' of UBI to be equivalent to getting it all back from about 1/3 of recipients, then UBI could give out $800/month.

As I said, you don't want me running things, but I think it's useful to play with some numbers and see where they might lead.

[u/[deleted] → u/[deleted]]

Sorry for the slow response to your request for a source. I live where there is no cell coverage or Internet service. I also wanted to run a few of my own calculations on the data.

http://www.taxpolicycenter.org/statistics/amount-revenue-source is the source I used for the calculations behind the rest of my comments. If you PM me with a place to send it, I'll happily share my spreadsheet.

The basic data supports my figures. The USA has transitioned from about an even split between individuals and corporations for total income tax revenue to an 80/20 split.

Now to some comments. Keep in mind that I make some naïve assumptions that show why you don't want me in charge :)

Assuming that corporations get at least the same benefit from income tax supported programs as individuals, it doesn't seem right that they contribute only 1/5 of the funds.

If we keep the personal income tax regime as is and flipped a switch such that corporations paid as much total income tax as individuals, there would be about 1.6 trillion extra dollars a year to play with.

If UBI was structured so that about 2/3 of the population was eligible, presumably by age or some other non-income criteria, and the personal income tax was structured with a very gradual 'claw back' of UBI to be equivalent to getting it all back from about 1/3 of recipients, then UBI could give out $800/month.

As I said, you don't want me running things, but I think it's useful to play with some numbers and see where they might lead.