The entire federal income tax revenues are about $1.5 trillion/year. Corp income tax under the new tax bill will be well under $500 million/year. That money funds everything except social security and some of Medicare.

Right now we don’t have the money for a health care reform or infrastructure rebuilding. And we going to spend the entire federal tax revenues except the payroll tax on a UBI? This is beyond fantasy.

There are answers. Unfortunately, Medium forbids me from including a link to one of my columns describing another solution in this comment.

Graduate of Stanford University & U.C. Berkeley Law School. Author of 17 novels and over 200 Medium columns on Economics, Politics, Law, Humor & Satire.

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