vornash1

Clearly the UBI is superior. Would the effective tax rate of most of the top 1% approach 39.6% given the elimination of most loopholes and deductions?

It certainly sounds wonderful, I could get behind it I think. Some will argue your plan is regressive for current beneficiaries of welfare though. The gap between rich and poor is unlikely to be lessened much if it's revenue neutral and taxes don't go up to redistribute.

Would you leave all other welfare programs such as food stamps as is?

What percentage of GDP do you believe it would require to accomplish this? What do you think of the proposal of some that the Fed should directly deposit cash into people's accounts (sort of a mega QE)?