Saved by Johanna
After Universal Basic Income, the Flood
The right question to ask isn’t: Can we afford a basic income? The right question is: What’s the optimal level of basic income for our economy? How much basic income can our economy handle without causing inflation or other problems? To what extent will various taxes and other economic policies increase or decrease that amount?
Medium • The Economy Is a Giant Vending Machine
I ran the numbers; it would take 37 years of my neighbors and I paying taxes for the city to merely recoup the cost they had initially put into building the road. That was longer than the road was going to last. It was a dead-end road; we were the only ones who used it. If my taxes weren’t even enough to cover the initial construction costs, who wa
... See moreCharles L. Marohn • Strong Towns: A Bottom-Up Revolution to Rebuild American Prosperity
Taking income from the rich and giving it to the poor is one way—again, temporarily—of boosting the real income growth of the poor and lower middle class. Like unfunded tax cuts, this remedy cannot be applied forever. Taxpayers in the top 5 percent of income already pay for more than 43 percent of the U.S. government, and taxpayers in the top 1 per
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