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RE: Would you be willing to pay higher taxes to make a Basic Income possible

in #basicincome8 years ago (edited)

Patrice, these are all valid points you bring up. Thank you for expounding on the topic. One thing I would like to point out though, as it relates to the income tax cap, is that the super wealthy in the US, pay a lot less in taxes than their counterparts in Europe, for example. In addition, there is a cognitive cost associated with moving one's family to a completely different language, culture, geography, etc. Therefore, there is an amount that the cap on the income tax could be raised, without losing so much of the base that it becomes a deleterious action. Sort of like the elasticity of taxation, I suppose...lulz

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