Taxation as a Protocol Layer: Why Elon Musk’s UBI Model Fails Without Automated Transaction Math

This story was originally published on HackerNoon at: https://hackernoon.com/taxation-as-a-protocol-layer-why-elon-musks-ubi-model-fails-without-automated-transaction-math.
A proposal to replace conventional taxes with a 5% transaction levy and use the proceeds to fund a $1,000-a-week UBI without printing new money.
Check more stories related to society at: https://hackernoon.com/c/society. You can also check exclusive content about #universal-basic-income, #ubi-funding, #financial-transaction-tax, #rtgs, #tax-reform-strategy, #macroeconomic-modeling, #tax-architecture, #elon-musk-ubi-model-critique, and more.

This story was written by: @maxcoyle. Learn more about this writer by checking @maxcoyle's about page, and for more stories, please visit hackernoon.com.

The article proposes replacing New Zealand’s existing tax system with a 5% automated financial transaction tax, collected through payment infrastructure, and using part of the proceeds to fund a $1,000-per-week UBI.