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.

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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.