search

elimc / basic-income

A public calculator that will actually attempt to put numbers to the Basic Income proposal. Over time it will grow in complexity.
5 stars 0 forks source link

Cannot fund UBI with only revenue. #2

Open MattHeard opened 10 years ago

MattHeard commented 10 years ago

Maybe I am using your calculator incorrectly, but I am not able to calculated a basic income without transferring funding from a reduction in an existing expense.

Can the calculator be used to calculate a basic income generated by a 100% tax rate without reductions in existing expenses?

elimc commented 10 years ago

You are correct. If you do the calculations with a 100% tax rate, the excess revenue will simply go towards paying down the deficit. You can see this at the bottom of the page.

In this calculator, UBI is simply a one-for-one replacement with existing programs. The advantage to this is that it will keep inflation in check.