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ponzored | 7 years ago
With advances in medical care, people can keep working until they are 70 or 80, at a lower rate eg. part time. Work keeps the brain active and prevents degeneration.
Finally reduce the cost of land and rents which is the major cost of life for the majority of workers. Do this by limiting immigration and keeping the country at a stable population, not growing endlessly.
If people truly need welfare or Government services, such a subsidised tuition, healthcare or a cash handout, then tally the paid amounts against their individual tax file, and claim the amounts back by increasing their tax level by single digits. If there is still an unpaid amount at death, then claim it from their estate.
Doing all this you can substantially cut the welfare state and encourage work. The end goal shouldn't be a UBI or negative income, it should be that 20 hours of basic work should be enough to allow you to afford a basic life.
hekfu|7 years ago
ponzored|7 years ago
Millionaire parents having one child concentrate their wealth into a small part of society. They should instead be having multiple. Success and intelligence has a genetic component, so you're improving the overall health of society through such measures as well.
Otherwise there are far less radical things than breaking up and dividing wealth (which has worked horribly in the past - look at the USSR). Simply breaking up large monopolistic tech companies such as Valve, Google and Amazon for example, as was done for Bell Telecom.