This is one of the elements that startles and confuses a lot of people when they first hear about the concept of Basic Income. Surely you aren’t going to give $25,000 a year (or whatever it is) to Rockefellers, too? The answer is yes. Everyone is everyone. It’s not like there are so many billionaires this will come to a particularly large amount of money; rich people could be taxed more anyway; if one wanted to start means-testing, even for billionaires, then one would have to set up a bureaucracy to start means-testing again, and if history tells us anything, it’s that such bureaucracies tend
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