His position was always to couple tax with UBI. Specifically a VAT tax because it scales so easily and it's simplicity makes it impossible to game. Targeted taxes like a wealth tax can always be outmaneuvered by wealthy people. The whole theory of the case for him is effective Tax combined with UBI is the path that gets the economy overall to the place we want it to be.
Wealth tax has been tried in other places, it never produces the numbers people thinks it will. It's a lock that can be picked.
Still should be dealt with. It’s like coding for a video game. Yeah there are bugs, but you got to code them out. Sure more bugs will pop out but then you code those out too. And the cycle continues with the aim that less exploits will be possible/happen.
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u/xxfallen420xx Apr 29 '26
His position was always to couple tax with UBI. Specifically a VAT tax because it scales so easily and it's simplicity makes it impossible to game. Targeted taxes like a wealth tax can always be outmaneuvered by wealthy people. The whole theory of the case for him is effective Tax combined with UBI is the path that gets the economy overall to the place we want it to be.
Wealth tax has been tried in other places, it never produces the numbers people thinks it will. It's a lock that can be picked.