Andrew Yang wants a universal basic income of $1000 per month for every person in the USA. He will finance it through use of a value added tax of 10% on everything except food and clothing. Bernie Sanders want to finance Medicare For All by a tax of approximately 4-5% of personal income of more than $30,000 and 7% tax of corporate payrolls of more than $1 million. Many people also agree that Social Security needs $$$ help to stay solvent for the long term future. Well, folks, have I got a plan for you!! We currently pay a social security tax rate of 6.2% on income up to $137,700. Medicare is funded by a 1.45% tax. Here's my plan: Bring UBI up to about $1200 and use an appropriate Value Added Tax, probably somewhere around 12 or 13%. Food, clothing and rent will be exempt from the VAT. Increase the Social Security tax to 8% on incomes up to $1 million, more or less. Increase the Medicare tax to 7% on the first 1/2 to $1 million of personal income. Payrolls of $1 million or more will pay a Medicare tax of about 5-6%. People who file IRS Form 1099 as independent contractors will pay a little less than an extra 15% on their first $1 million of taxable income. People on Social Security, SSDI and SSI will be exempt from these taxes as long as they don't work at a job in addition to collecting Social Security, SSDI or SSI. Universal Basic Income will be given to everyone regardless of age and the 15% Social Security and Medicare tax will be taken out of the $1200 per month of everyone's UBI. This will still give everyone more than $1000 each month and will help pay for Social Security and Medicare For All. UBI will not be subject to federal , state or local income tax. Federal income taxes will exempt another $12,000 or so from personal income tax. What do you think of this plan?