In reading suggestions supporting a basic guaranteed income, I'm reminding of something I heard many years ago about maximum incomes. It works like this (dollar amounts example only). There would be a basic guaranteed income of $25,000 and a maximum allowable income of $75,000. Income is defined as every cent that hits your wallet--wages, interest on savings, dividends from investments, profits derived from private business, gifts, sales, etc. A person could draw in as much money as they want, but anything over $75,000 would be taxed at 100%.
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