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Notes -
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.
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