No. With the right rate of UBI and tax people on each income would pay net rates very similar to today, just without the stupid jumps, loopholes and disincentives. (View Post)

At a marginal tax rate of 50%, abolishing allowances is over 6k per current worker (about 34m pay income tax). So that's at least 204 billion back already. Those paying currently paying 20% + NI… (View Post)

No, it isn't "a payment to multi millionaires". If the marginal rate is 50% for every bit of income, then your multi millionaires will pay more tax, particularly as it will be harder t… (View Post)

I think you need to keep the same marginal rate for all non-UBI income, so there should be no thresholds. 40% (or 50%) tax throughout. Would we need a dividend tax? Just tax it when taken as income. … (View Post)

I think somewhere between 45% (ha!) and 50% might add up. We effectively have UBI already - you are just forced to jump through various humiliating hoops to get it. Everyone paying the same headline … (View Post)