General Discussion

DanBaron

(105 posts)

87. Numbers

Thu Jul 10, 2025, 01:22 PM

Jul 10

Can you repeat and repost those numbers here? Could MichMan's tax plan work or not? What would the total tax revenues be under that Plan? What about savings from the elimination of other anti-poverty programs?

Also, we need to post a fresh thread as "Universal Basic Income II" to hash out these numbers and get new readers. This discussion bears repeating. What follows below is a cut and paste of the new thread OP unless you or MichMan can post something clearer on the New Thread. The comment below is me responding to MichMan's comment followed by his statement.

To MichMan--

Can I repost your comment on the UBI Thread as an OP for a New Thread? I think that you might have solved the tax revenue problem that could establish UBI as a Policy that could be implemented. I would note that it is your work on the Body of the OP. Alternately, you could post it as well. Let me know. Here is a cut and paste of your comment.--

"What about taxing all income over $100k at 50% and all income over $500k at 75% ?

With zero deductions allowed. For example, someone making $250k would pay $100k in income taxes.

All income under $100k is taxed at 25%. All anti poverty programs could be eliminated as well as they wouldn't be needed.

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Highlight:

Universal Basic Income [View all] DanBaron Jul 9 OP

The oligarchy will never allow it. CentralMass Jul 9 #1

Fight the oligarchy markie Jul 9 #3

No Offense DanBaron Jul 9 #4

I agree, f'ck them, but they will never allow it. CEO and companies have already started to treat employees CentralMass Jul 9 #12

I doubt this will ever happen bucolic_frolic Jul 9 #2

Right DanBaron Jul 9 #5

What Would You Suggest DanBaron Jul 9 #6

Inflation caused as much by ... Dave says Jul 9 #7

M1 DanBaron Jul 9 #9

Yes Dave says Jul 9 #11

Economics DanBaron Jul 9 #15

UBI is a good idea but will not get homeless people off the Street by itself standingtall Jul 9 #8

Social Support DanBaron Jul 9 #10

Right. I dont think it is the worst place to put money, but I imagine it would be better spent on more comprehensive and SSJVegeta Jul 9 #59

I'm not familiar with the Utah program standingtall Jul 9 #62

Agreed. The B is for Basic TheProle Jul 9 #23

Local homeless advocates and the city have a nice program for getting some off the streets. Igel Jul 9 #54

Dead spot on melm00se Jul 9 #64

Agree. But I worry for your shift key n/t leftstreet Jul 9 #13

Writing DanBaron Jul 9 #14

Germans capitalize nouns, don't they? Oopsie Daisy Jul 9 #28

Right DanBaron Jul 9 #30

I'll be honest with you, in English it's more distracting than emphatic. Oopsie Daisy Jul 9 #34

Yeah DanBaron Jul 9 #37

They also write their compounds joined. Igel Jul 9 #55

Amazingly, Musk was talking about this around 2017. n/t OneGrassRoot Jul 9 #16

Medicare For All DanBaron Jul 9 #17

Musk's actions speak louder that wirds. He callousely fire people, CentralMass Jul 9 #49

Because this has actually been discussed about since the 80s Blue Full Moon Jul 9 #67

This is conservative economist, Milton Friedman's, Negative Income Tax. Tarzanrock Jul 9 #18

I agree, but unlikely until senate is apportioned by population SheltieLover Jul 9 #19

If you do that, might as well just abolish it or merge it with the House. Igel Jul 9 #56

Recruiting DanBaron Jul 9 #20

What would you see as being the floor for UBI? n/t SickOfTheOnePct Jul 9 #21

UBI Payment Amounts DanBaron Jul 9 #22

I think the thing is that true UBI SickOfTheOnePct Jul 9 #24

Agreed DanBaron Jul 9 #25

$1000 per week sounds good MichMan Jul 9 #44

So approximately SickOfTheOnePct Jul 9 #47

What about taxing all income over $100k at 50% and all income over $500k at 75% ? MichMan Jul 9 #72

Sure way to lose elections SickOfTheOnePct Jul 9 #73

They would all be getting $50k UBI though MichMan Jul 9 #74

That would bring in SickOfTheOnePct Jul 10 #75

Right On DanBaron Jul 10 #83

Numbers that won't actually pay the bills n/t SickOfTheOnePct Jul 10 #84

Are You Certain? DanBaron Jul 10 #85

I showed a ballpark of the numbers SickOfTheOnePct Jul 10 #86

Numbers DanBaron Jul 10 #87

No, I'm not going to repost SickOfTheOnePct Jul 10 #88

It was sarcasm. Scrivener7 Jul 11 #91

Nope DanBaron Jul 11 #92

You're on a discussion board. Scrivener7 Jul 11 #93

Furthermore DanBaron Jul 9 #26

If every adult got $20k per year Greg_In_SF Jul 9 #27

Damn DanBaron Jul 9 #29

Unless DanBaron Jul 9 #31

American GDP DanBaron Jul 9 #32

That's about the combined wealth of US billionaires leftstreet Jul 9 #33

Yep, but the problem is Greg_In_SF Jul 9 #36

For one year. Igel Jul 9 #57

Anti poverty programs (SNAP, WIC, Section 8, Medicaid) could be eliminated MichMan Jul 9 #45

Increasing taxes on 6 figure earners Greg_In_SF Jul 9 #46

Exactly SickOfTheOnePct Jul 9 #48

Has to happen. No jobs even high paying ones soon. Blue Full Moon Jul 9 #35

I Think That You Are Right DanBaron Jul 9 #38

This article is recent Blue Full Moon Jul 9 #41

Maybe More Recs? DanBaron Jul 9 #39

Simplifying the Federal Bureaucracy DanBaron Jul 9 #40

Ah...there it is n/t leftstreet Jul 9 #42

NIH And Others DanBaron Jul 9 #43

I believe it is time to start talking about the platform. pecosbob Jul 9 #50

Noble aims perhaps, but near impossible to get them all SickOfTheOnePct Jul 9 #52

Good Ideas DanBaron Jul 9 #53

I think Im against UBI. But I'm also not particularly attached to that opinion. SSJVegeta Jul 9 #51

Looking at the numbers SickOfTheOnePct Jul 9 #58

The Nordic Countries DanBaron Jul 9 #61

Ya think? Scrivener7 Jul 10 #77

We can start LilElf70 Jul 9 #60

It's simple, but kind of a cop out. IMO more needed is housing, health care, food scipan Jul 9 #63

Every day +/- 8.5 Billion shares change hands in the U.S. markets. Tarzanrock Jul 9 #65

Right On DanBaron Jul 9 #68

It would take SickOfTheOnePct Jul 9 #69

$50,000 billions is equal to $50 trillion. Tarzanrock Jul 10 #76

That's over 10 years though SickOfTheOnePct Jul 10 #79

Albuquerque has a basic income pilot program womanofthehills Jul 9 #66

Not universal; easy to fund a program for 100 people MichMan Jul 9 #70

Nixon advocated for it H2O Man Jul 9 #71

Never happening durablend Jul 10 #78

Even if we had the presidency, both houses of Congress, and the Supreme Court... mucholderthandirt Jul 10 #80

This message was self-deleted by its author Prairie_Seagull Jul 10 #81

The important thing to remember about UBI BannonsLiver Jul 10 #82

Automation tax to fund UBI... JCMach1 Jul 10 #89

If my wife's experience as a social worker is any indication DFW Jul 10 #90