The problem isn't that we don't know how (solved issue: UBI, higher pay for less work, high marginal income tax rate, unrealized capital gains tax above a minimum, land tax, etc.).
The problem isn't even the billionaires.
The problem is convincing comfortable, ambitious middle-high earners to put a cap on their and their bosses' prospects in exchange for the stability (and subsequent ground preparation for innovation) of a higher floor.
They're the stumbling block because they're the ones who, on balance and en masse, have the money and votng power to excuse and enable the status quo.
> The problem isn't that we don't know how (solved issue: UBI, higher pay for less work, high marginal income tax rate, unrealized capital gains tax above a minimum, land tax, etc.).
Part of the problem is that there are people who think all rather than only some of those things are a good idea.
High marginal tax rates and taxing unrealized gains are both unintended consequences factories. Especially the second one, but even the first one is basically a trade off between creating perverse incentives and arbitrage opportunities (i.e. massive loopholes) because the high rates don't apply to everything, or supercharging offshoring because the high rates do apply to everything.
Conversely, a UBI is a good idea, and doesn't actually require oppressive tax rates because it replaces most of the existing system of government benefits and subsidies -- which impose even higher de facto marginal tax rates on most of the middle class in the form of benefits phase outs. US federal spending is already >$20,000 per capita.
Not all of that is assistance programs, but a large proportion of it is. And most of those programs are a net negative compared to reallocating their budgets to a UBI. Having separate bureaucracies to administer separate programs for food assistance, housing assistance, education assistance, etc. is foolish even before they create weird marginal rate cliffs and higher marginal rates on lower income people by having arbitrarily overlapping phase out rates.
It isn't about the source of the money. Converting those things to a UBI would cost less money to give people more money because you'd save the amount spent on administration, while improving economic efficiency by not imposing arbitrary restrictions on how it's spent. The primary reason we don't do that isn't upper middle class people demanding a status quo in their own interest -- it isn't in their interest.
It's a combination of ordinary incompetence and bad structural incentives because politicians like to claim credit for creating new programs instead of just indexing the amount of a cash payment everybody gets to GDP per capita and then sending them all home.
The problem isn't even the billionaires.
The problem is convincing comfortable, ambitious middle-high earners to put a cap on their and their bosses' prospects in exchange for the stability (and subsequent ground preparation for innovation) of a higher floor.
They're the stumbling block because they're the ones who, on balance and en masse, have the money and votng power to excuse and enable the status quo.