John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked Dec. 15, 2019

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Fri Nov 08 16:39:37 +0000 2019

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John Delaney 🇺🇸 @JohnDelaney

2/4 What that means is that despite claims to the contrary, taxing big corporations won't come close to paying for UBI. If you taxed the Fortune 500 at 100% you will pay for about a 1/4 of UBI and it wipes out $19 trillion dollars of US wealth (including pensions, IRAs, 401(k)s). — PolitiTweet.org

Posted Nov. 8, 2019

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John Delaney 🇺🇸 @JohnDelaney

1/4 There is a much better and pragmatic way forward than UBI to deal with technology disruption. UBI costs $3-4 trillion a year. Last year, all of the Fortune 500 companies made a combined profit of about $900 Billion. — PolitiTweet.org

Posted Nov. 8, 2019

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John Delaney 🇺🇸 @JohnDelaney

3/4. It's a ludicrous idea. Which is why we need real solutions, like doubling the EITC, which would add 14 million Americans to the program and increase payments by $1,500 a year. That could be paid for by raising capital gains taxes and a robot tax. That can actually happen. — PolitiTweet.org

Posted Nov. 8, 2019