Would you accept a 30% income reduction to help your employer be more profitable?

[yaletown_fella]

To clarify my earlier post I believe in an opt-in basic income (for adults aged 25-65 who choose to opt out of existing welfare and social housing ) , half of which will be funded by laying off beurocrats, case workers, and closing social services offices (with the exception of disability). The other half would be funded by a 10% luxury consumption tax on Amazon, Netflix, air travel, luxury vehicles, the tech sector and other non-nessessities. In addition to the basic income acting as stimulus to local economies, the consumption tax and government beurocrat layoffs I just mentioned would easily pay for it. Just like Andrew Yang's plan south of the border, there would be no income tax increases.

I would exempt rent, food, basic phone and internet plans, diapers, basic toiletries, transit and gasoline from the value added tax/consumption tax.

Basic income essentially gives everyone a raise . It's not socialism, it's capitalism that dosent start at zero.