Eliminate tax-exempt retirement accounts and tax savings accounts at personal-property-tax rates.
To discourage private hoarding of wealth for retirement just for the people who can afford it in place of public funds that support everyone in old age.
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Also to deflate the financial industry that makes obscene profit off holding onto people's money until they're old.
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You had mentioned UBI as a reason for taxing it, which tbqf, I would be okay with especially if UBI was lifetime and had a limit after retirement (like public retirement supplemental,) like I can only make "x at retirement to continue UBI, otherwise I'm on my own."
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The idea of UBI is that everyone gets it and there's no "need" test, because need tests are inherently demeaning and usually discriminatory. Instead you just tax the ppl making lots of $$$ on top of UBI so that tax_amt>UBI.
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There needs to be more thoughtful blog post IMO, because I can see the middleclass being punished for having a job, and me being punished because I prepared for retirement not expecting Social Security to be viable when I retire. So ultimately the prepared middle-class suffer.
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Not to single you out because lots of ppl do this, but "not expecting social security to be viable when I retire" is equivalent to "throwing everybody under the bus". We all have to act with a mandate that it be viable. Failure isn't an option.
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But assuming real UBI, if you're middle-class and not upper-class, any loss from new taxes on savings already stashed away would be dwarfed by new income from UBI.
End of conversation
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