Universal Basic Income

Im still waiting to hear where we're planning to get the extra 2.7 trillion from.

 

I am arguing that putting $1k a month into a Harley won't make it turn into a Ducati.

 

Many people gave you reasons it would not work based upon historical examples of failure, you disagreed. Yes some were off the cuff but I would argue that the end result is so obvious most didn't want to spend time gathering information you would not consider

Socialism/Communism/Social Democrat..... it is all collectivism no matter the lipstick on that pig. For an interesting example in American history check into the colonies and the trial of everything being jointly owned that almost caused everyone to starve to death.

 

I'd benefit, I'll volunteer to take it and report back. It can be like a study and should run for at least a year.

 

Last time and I'm out.

UBI IS NOT WELFARE. It is not supporting the lazy, inept, stupid, immoral, etc, etc, etc, etc. It is a potential solution to the problem that will arise when there is no way for the middle class to exist any longer due to either technological advances that make their jobs obsolete (like robots/computers doing all the middle class jobs) or due to some economic function (interest rate spike, credit crash, inflation, etc) that erases the wealth of the middle class. The PEOPLE are the same hard working, honest, dependable people they've always been (for the most part, it's US, YOU and ME). You can't use the lazy and poor as an example that it's a stupid idea, because the money isn't going to the lazy and poor. You can't use the little Finland experiment as an example because it was too small (all it really was was unemployment, which we already have). There's really nothing to compare it too because we've never been in the situation we're potentially in before. The closest thing would be the jobs projects during the Great Depression but it's still not quite the same.


And to give you a taste of how the scenario might possibly be avoided altogether, how about we start by discussing how society would benefit if we completely removed government control from the economy? No corporate welfare. No meddling with the fed. No tax breaks for the wealthy/influential. No minimum wage. Total Laissez Faire Capitalism with the government's only role being basic law enforcement (theft, personal injury, death, etc, including business practices that would result in those things) and providing a court for civil cases to be heard.

 

So what do we call it when we forgo tax collection from one group while still taxing another?

 

Famous non-last words.

 

I will grant you that the current tax code is truly f'd up. So you're saying that in order to fix that problem we should compound it by creating another f'd up problem? In what universe does that make sense? Flat tax with no deductions would be an acceptable answer to fix the Tax code.

 

I explained in depth in at least one post that both the tax code and the government waste would have to be resolved as well.

 

Who is this Wang guy....and why and I just now hearing about him?

 

I hear you, but like Communism the reality does not match the theory. The reality is you are paying people regardless of 'the same hard working, honest, dependable people' as that is the 'U'. Even the earned income tax credit is welfare. Ever watch Gamer? UBI is for the guy in the chair playing the game.

 

Only after we all race our unicorns to the rainbow

 

Kookifornia...again.

https://thehill.com/policy/finance/439054-california-city-begins-universal-basic-income-experiment

 

It won't work. As discussed several times earlier in this thread, it has to be large scale to have any real effect on the economy. Giving 130 people $500 won't change shit.

 

Haven't read the whole thread but it or something like is coming in our future. I don't think its imminent or within most of our lifetimes, but technology will continue to completely swallow massive portions of the global economy while population continues to explode. So unless clean energy of the future comes from billions of people running on hamster wheels, there will be a breaking point.

 

Correct. At some point there will be virtually no need for the types of jobs that support all but the highest class.