No, the current tax should be a flat rate as it’ll scale quite effectively to the 1% and a better measure would be plugging loopholes currently abound. Let’s say you have someone making above 50k a year, and also assume we all have a 25% income tax, as well something we won’t count for, a 30% VAT charged on all companies at the end of the year, rather than a sales tax. This person in the 50k bracket would pay 12,500 in tax and get back around 3-4,000 back if not in debt. As well someone in the 1% with 20 million would pay 5,000,000 in tax. This is 400 times the amount of that entry level middle income earner, all of this is common sense and with concise reform we could see a stable UBI’s implementation, rather than having a disjointed infrastructure as today stands.