> ...a UBI of just $1,000 per month would cost around $4 trillion per year, which is close to the entire federal budget in 2018. Without major cost savings, US federal tax revenue would have to be doubled, which would impose massive distortionary costs on the economy...
Last time I checked the going effective tax rate across all corporations was something like ~17%. How about corporations stop fucking us all out of the revenue they owe us; because I'm pretty sure doubling that to the expected rate of 35% would fix the funding problem.
I generally agree with you, but not if you add escape routes for the money so that people of means can avoid said personal income tax. See capital gains rate, owner-operated business rate, all the non-taxed perks that businesses provide to execs (e.g. using corporate jet as private jet). You also have to staff the tax collector appropriately to enforce the boundary between corporate and personal income.
Last time I checked the going effective tax rate across all corporations was something like ~17%. How about corporations stop fucking us all out of the revenue they owe us; because I'm pretty sure doubling that to the expected rate of 35% would fix the funding problem.