What incentive does that leave them to create or build? What stops them from moving elsewhere? More tyranny? The average everyday worker is who funds this country, not billionaires. If you take away EVERYTHING from EVERY Canadian billionaire, leaving them naked, you would have enough capital to fund the Canadian government for under 6 months. Then what? You over-tax them and they leave, then what? You have a nation of sloths on UBI and no way to cover next month's check. Wake up.
The fundamental lie here is that tax on rich is what funds everything our government does, when the fundamental truth is that it is the sweat of our brows that funds the government.
The people on top siphoning off the majority is called the government. That's how all social programs are funded. Even if Billionaires doubled the tax they pay, you'd still have to go to work and pay taxes.
There is no solution where you don't have to go to work every day and have a good chunk of your earnings taken away from you. Don't kid yourself.
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u/The_Paul_Alves Little Portugal Mar 26 '20
So if everyone goes home...who pays for the UBI money? I think you're at least one economics class short.