progressive taxation is bad

[Clay S]

well, you want a progressive effective rate, but that can be accomplished with a flat marginal rate plus a ubi.

https://medium.com/@clayshentrup/tax-brackets-3e986bc478fb

https://www.ubicenter.org/us-flat-tax

[Rajiv Prabhakar]

I endorse a UBI. But why do you say "progressive taxation is bad"? Under a UBI + flat-tax system, a surgeon making 500k/year pays almost the same tax rate as someone making billions each year. A UBI + progressive-tax system will prevent this. I don't see why this is bad.

My own views on taxation are even more nuanced. I believe that the tax system should be designed to encourage desired (good for society) behaviors, and discourage undesired behaviors. Hence a better tax system would feature:

• No tax on income or investments
• Tax on consumption
• Progressive tax-brackets based on an individual's total consumption

This is essentially driven by my economic belief that society prospers when its resources are maximally directed towards investments, and minimally directed towards consumption. (https://outlookzen.com/2020/06/19/the-growth-of-economies/)

Regards,
Rajiv

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