Earlier quoted context omitted.
The ideal way would be to pass a national Land Value Tax, and use the proceeds to fund UBI. The country has plenty of money, but it's all accumulating to landlords. An LVT is the most effective way to both moderate the excesses of the wealthy and continuously fund a social safety net. It would also let you eliminate most other forms of social safety and taxation, since Land/Natural Resources are the greatest stores o…
So if landlords now have to pay for everyone's UBI, why aren't the Landlords just going to raise rent to get that money right back?
Then there's land that doesn't have buildings but still has high value because of the resources (oil, natural gas, minerals, etc) that sit underneath.
I think this works swell, but we should maybe have a variable VAT too that makes it so even UBI recipients pay some taxes back on everything they purchase, etc...and I think the system should be pegged at making the amount doled out and taxes raised from land-owners equivalent to 3x rent, aka rent should account on average 1/3rd of the amount given out.
Could also simply have a program where everyone's given 1k, plus vouchers for rent upto a limit, plus foodstamps... could be foodstamps are usable to pay rent, to make it easier to manage, and whatever's left over is your food budget... then the extra 1k pays utilities, insurance, etc... of course there should be free healthcare and better education deal....
Personally I'd prefer usd moves to crypto and only allows 1 account per person with a 50 million dollar max-limit, basically making all income over a threshold taxed, so billionaires can't even exist...and redistributes to those who hodl less and spend more. but I'm a bit more radical in my thinking....