Sandydragon wrote:You are the one who suggested raising tax - its your quote form your original post. You then decided that you hadn't suggested raising tax and that adding 12K to everyone income would make them better off. of course it would, FFS. If you Add 12K to their income and change tax rates then that is a different matter.
Your quote:
Either way, we've can put somewhere around £700-722B into a pot to be redistributed with UBI. If we "simply" did that, and didn't touch the rest of the tax brackets (though I would anyway), for a population of 66.6Million, that gives us £10,510- £10,840 for every man, woman and child in the country (AKA, anyone with a national insurance number).
Its reasonable to assume that means raising taxes above a certain limit (which you failed to specify but I'll assume to be 50K because thats where it is now.
Thanks, I understand perfectly well what privilege is. Everything I've got I worked damn hard for and it was no accident of birth.
It's not "reasonable to assume" things that I have explicitly said I'm not doing. I've failed to specify, because I haven't said anything of the sort.
And once again - read what's written, try with a fresh look, and not your pre-conception.
Just in case you are still incapable of this, my proposal is:
A] Give everybody something like £10,500
B] Reduce the tax-free personal allowance from £12,500 to £10,500 - meaning that that free £10,500 is untaxed.
C] Reduce the Basic Rate threshold from £50,000 to £39,500 - so it's still 20% tax on the next £37,500.
D] Reduce the Higher Rate threshold from £15,000 to £139,500 - so it's still 40% tax on the next £100,000.
A threshold earner currently gets £50k, paying £7.5k in tax; taking home £42.5k
Under UBI, they get £10.5k + £50k, paying £11k in tax; taking home £48k
If you prefer, let's make UBI £12,500; in which case, my proposal is
A] Give everybody £12,500
B] Make no change to the tax-free personal allowance of £12,500
C] Make no change to the BAsic Rate threshold of £50,000
D] Make no change to the Higher Rate thrishold of £150,000
A threshold earner currently gets £50k, paying £7.5k in tax; taking home £42.5k
Under UBI, they get £12,500 + £50k, paying £11k in tax; taking home £61.5k
For that individual, their (income) tax contribution increases by £3.5k; and their take-home pay increases by £9k
Now, please show your working for how much poorer they are. Or at the very least, tell me what you think I'm saying - if you can use my own words, then that would help, because currently you're merely claiming to use my words, then making assumptions I've explicitly said aren't true, and running with those despite being repeatedly told, and shown that you are wrong.
If it's the "I would change the tax structure, but haven't in my proposal" then please note "
I haven't in my proposal"
Otherwise, the only thing I can possibly think you think I mean, is that I'm touching the first (0%) tax bracket, and making it equal to the amount of UBI I'm handing out. But choosing to interpret that as I'm gouging the 2nd (20%) tax bracket to pay for it all, leaving the rest untouched. If that's what you think then A] you must have ridiculously low opinion of me; B] have paid no attention to anything I've ever written on the politics boards in order to gain that low opinion; and C] fail at reading comprehension.
Just FTR, and this is NOT related to UBI; I'd increase the higher band (45%) tax rate back up to 50%; and impose a new tax rate for those earning over about £0.5M, probably around 55-60%. I'm perfetly open to the idea of raising the £50k threshold, probably to £52.5 (or £40k above the Basic Rate, which I am proposing changes to). Once again, that is purely for the record, and nothing to do with UBI, which is why I left it out of this debate.
Not going into privilege again here, as it's a side track - you and I have obviously have different definitions of the word.