Why universal basic income is gaining support, critics or The destruction of our Republic

Posted by Mitch 7 years, 9 months ago to Politics
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It's back again...

"He figures the plan would cost about $1.75 trillion a year. Ending welfare programs would save about a third of that. Another third could come from ending the tax deduction for mortgage interest and other write-offs. The remaining third could come from new sources such as a tax on carbon emissions or financial transactions."

1/3 through "ending welfare programs" - will never happen but okay...
1/3 through "ending the tax deduction for mortgage interest and other write-offs" - So they are going to take my mortgage interest deduction away and give it to someone else.
1/3 through more taxes - robbing Peter to pay Paul again

Also, this is paper napkin figures, government will double the cost with half the production.


All Comments

  • Posted by preimert1 7 years, 8 months ago
    ...besides "robbing Peter to pay Paul" lnevitably leaves one with a sore Peter.
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  • Posted by CircuitGuy 7 years, 9 months ago in reply to this comment.
    "If we job share and 20 hours a week is the norm..."
    Your comment makes sense, but it also accepts craigerb's premise that jobs are something that can be rationed. Jobs are just people serving one another for money. To get things done, we need to serve one another, either willingly in mutually-agreed trade or under the whip or some other sort of coercion.

    Suppose a kid sees I'm letting my grass grow long and offers to mow it. I might use that time to find more clients of my own or to get rest/energy hanging out with my family or just goofing off on a website like now. That might cause me to hire more people, ship more overnight packages, send more bins of electronic junk to my neighbor who sells them on e-bay and keeps half the money. All these people are serving one another. It doesn't make sense to share these precious jobs. There are as many jobs as people can find ways to serve one another.
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  • Posted by Owlsrayne 7 years, 9 months ago
    These Progressive Socialist Nazi Dim's are losing their grip on reality. There is some much waste in the government already that has to be cleaned up first. Universal Income could bankrupt the US, you would have to have an exact census of all the people at or below the poverty line plus those millions who have completely dropped out of the work force because they were unable to find a job. Any program like UBI is ripe for bureaucratic corruption. The DC swamp would have severely drained and forcibly turn over to reveal the rot that's underneath. Once that's done
    then I guess all those sub-humans would have to go on UBI also.
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  • Posted by freedomforall 7 years, 9 months ago in reply to this comment.
    If I have enough for all my needs and wants, I choose to strike instead of supporting those who want to destroy the things that I value. Production taxation is the primary method the state uses to destroy the free market and individual liberty. I do not consent.
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  • Posted by CircuitGuy 7 years, 9 months ago in reply to this comment.
    " After a point of taxation, producers choose to not produce to avoid additional taxes"
    This never made sense to me except in cases where taxes are nearly 100% or there's a "cliff" where a change in earnings affects taxes on all income.

    Let's say the Fed gov't taxes 30% of GDP now, and we reduce it to 25%. GDP would have to increase 20% to cause revenue to stay constant. GDP growth will stay in the 3% range. Maybe by lowering taxes, leaving business alone, and providing a safe place to do business, the gov't can make growth 5% or more. After years of compounding, that's huge. So eventually gov't spending, and spending on everything, could be way higher. But it's a dream that you can somehow cut taxes and not increase borrowing or decrease gov't spending. Gov't spending must decrease.
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  • Posted by CircuitGuy 7 years, 9 months ago in reply to this comment.
    "Disagree, all interest payments are not deductible"
    He said they should be if interest income is taxed.
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  • Posted by 7 years, 9 months ago in reply to this comment.
    Taxing income does not necessarily produce more government revenue. After a point of taxation, producers choose to not produce to avoid additional taxes; ether through moving the income to future dates or simply not producing it in the first place.

    You’ll find that the government can collect more in tax revenue by reducing the tax rates and increasing the “velocity” of the money. Each time the dollar changes hands, the government gets a piece of it.

    See the Laffer curve - https://en.wikipedia.org/wiki/Laffer_...
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  • Posted by 7 years, 9 months ago in reply to this comment.
    Disagree, all interest payments are not deductible, you can’t deduct the interest paid on a car load or a credit card. All income shouldn’t be taxed ether… Taxing income discourages production, taxing consumption should have been used to fund the government.
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  • Posted by 7 years, 9 months ago in reply to this comment.
    By the way, job-sharing is a liberal way of saying part-time work. No such thing in my opinion. How would this work? Would the government tell me to produce less? What would stop me from working two or more 20 hours per week jobs? Hiring two people to do the work of one is just twice the headaches, excluding the Obama-care mandates which should be going away shortly.
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  • Posted by 7 years, 9 months ago in reply to this comment.
    Really? What are you having a hard time understanding?

    Are you saying that you would prefer to subsidize guaranteed jobs over guaranteed income? If so, nether would work. If the job is guaranteed, the employee would not have a motive to keep the job. It would be glorified adult-daycare. The bureaucracy of this program would cost more than simply just handing the people our money.

    Or are you saying you would prefer to receive a guaranteed job over guaranteed income? If this is your true intent, I truly feel sorry for you and wish you all the best. You’re not in control of your own status and future status but look to other to provide for you. Very said, I hope for you that this isn’t what you intended?

    By the way, “Huh” isn’t a word…
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  • Posted by $ WilliamShipley 7 years, 9 months ago in reply to this comment.
    If we job share and 20 hours a week is the norm, then you must make enough in 20 hours to live on. That would mean that you would make about twice what you do now -- or rather the employer would have to pay twice as much for the same work.
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  • Posted by mccannon01 7 years, 9 months ago
    I noticed the passage: "...the federal government should provide a job with benefits to anyone who wants one and can’t get one. “A job guarantee could simultaneously lower un- and underemployment..."

    If you've ever read "The Gulag Archipelago" you'll recall that was Stalin's plan. It didn't work out well for millions of unemployed.
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  • Posted by CircuitGuy 7 years, 9 months ago in reply to this comment.
    "The key application is home assistance. "
    I agree the technology will disrupt nursing homes and assisted living.
    Also, when my kids grouse about doing housework, I tell them one day the task will be done by a robot and doing it yourself will seem as primitive like having to out in the cold to use the outhouse.
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  • Posted by Maritimus 7 years, 9 months ago in reply to this comment.
    I like that image of ticks, Puzzlelady. They do suck the lifeblood from producer. In reality, as has been demonstrated throughout the 20th century, there is no equality. There two classes in those societies. Party members on top and all the rest below. The party consist of the elite on top and the rest are those who delude themselves that some day they will join the elite and in the meantime do the dirty work for the elite. Just read We the Living.
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  • Posted by $ pixelate 7 years, 9 months ago
    As I have posted, under my own name, on YouTube comments regarding UBI "An individual is no more entitled to a basic income as an individual is entitled to a blo*job." I go on with more explanation, but that is the gist of it. Only people with unbridled conceit (and no self-awareness) would endorse such absolute madness.
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