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Small-Scale Question Sunday for September 3, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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Excellent recap! Thanks for taking the initiative with a clean and sound summary. The prebate was calculated at just under $300, last time I checked, which is 23% of Federal poverty-level income (the point at which someone must spend all their income in order to just survive). However, it does lay the groundwork for a potential universal basic income which can be reached by total “universal welfare” reform, the semi-libertarian idea of removing all bureaucrats from welfare decisions, and rolling their salaries into automatic universal flat welfare. I believe with current spending levels, universal flat welfare + prebate would be around $1000 a month.

One of the things I’ve recently learned has a name is tax pyramiding, where business-to-business gross-receipts taxes boost the retail prices of some products because of how many stages of production are taxed. Subtly, all products and services currently are tax pyramided by income tax.