Posted on 06/29/2014 9:07:05 PM PDT by Decombobulator
In 20-25 years this makes perfect sense.
But! Until automation technology is in full swing it cannot work.
The day is coming when most people will not work, but they will not depend on others working for them..that is the key thing!
Socialism does not work! Automation does work!
“Pretty much, although the 20k would get added to your taxable income so a high earner would have to pay a signification portion of it back in taxes.”
Then why bother? What’s the point of handing out $20K only to be handed back much of it?
Actually, I doubt it increases the taxes of a high earner at all. The tax difference between $200K and $220K is probably not much. $40K to $60K would be more noticeable.
Can I take mine in gold?
According to the article people would be assured a minimum of $20,000 annually to make ends meet where does it say everyone gets $20,000.? To me it means someone with no income would get that amount but if you earn say $15,000. it would seem to me you would only get $5,000. and if you earn $20,000. or more you would get nothing.
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That’s the same way I understand it, Tammy8. ...Yet, for people who think they can live on $20K there is no incentive for them to work.
guess what?-
This is just the starting point...
$20K this year-
Want to work?- $15 dollars an hour- for even a part time
burger flipper-
next year? how about $25K- and $18 dollars an hour.
ME... I am holding out for $100K- and $50 bucks an hour
LOL
I assert that the entitlements that lifelong dole-sitters get is WAY more than 20k per year,
especially if you figure how much they’d have to make pre-tax to be able to buy all the stuff they get at the expense of those who DO work.
Socialism does not work! Automation does work!
...until the robots start demanding a living wage.
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