Got a reference? Pro-UBI and anti-billionaire as I am, I’ve done the math and I don’t think that checks out. Meaningful UBI has an annual price tag in the trillions, and even if you assume 90%+ top bracket tax rates there aren’t enough billionaires in the US to foot that bill. Other programs would have be discontinued and/or rolled in, and tax rates increased across the board.
There’s enough billionaires that without changing your taxes and mine much you could easily pay for ubi and honestly most perspective social benefit programs.
Got a reference? Pro-UBI and anti-billionaire as I am, I’ve done the math and I don’t think that checks out. Meaningful UBI has an annual price tag in the trillions, and even if you assume 90%+ top bracket tax rates there aren’t enough billionaires in the US to foot that bill. Other programs would have be discontinued and/or rolled in, and tax rates increased across the board.
There’s enough billionaires that without changing your taxes and mine much you could easily pay for ubi and honestly most perspective social benefit programs.