re: Universal income discussion

Universal income won’t work because people that are unwilling or unable to manage money wisely will still be blowing all the money they’re given. The problem doesn’t get fixed, but probably gets exacerbated, to the benefit of those selling crack, slim Jim’s, and giant car rims.

I would be in favor of having a consumption tax and doing away with federal income tax. With a consumption tax lots of drug money gets taxed, international travelers will pay additional into the system when they visit the US, and those with unreported income end up paying into the system.

If you manage your expenses well, you could come out paying less into the system.