So how exactly would this be funded? Double taxes? The rich would never pay anyt... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		ballard on Sept 2, 2013 \| parent \| context \| favorite \| on: We Need a Basic Income Guarantee So how exactly would this be funded? Double taxes? The rich would never pay anything more, the mid/upper would be squeezed. Also: Deficit, debt and looming likelyhood of austerity strategy.

tghw on Sept 2, 2013 [–]

That's what I was getting at, we'd have to double taxes, though for anyone below $70k/year, it'd be a net positive.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact