Posted on 09/20/2017 12:49:58 PM PDT by C19fan
With UBI costing the recipients nothing to obtain, “supply and demand” will render that worthless. Prices of basic needs will skyrocket, knowing full well that the poor _will_ have $UBI to spend.
UBI is $1500/mo? well then your rent just went to $1500/mo, because everyone has it and there’s limited housing. Young couple combines their UBI? anything bigger than a studio apt just went to $3000/mo minimum. Oh look, as a white-collar worker my prospects for a new home just disappeared because my long-term mortgage at $1500/mo would be replaced by $6000/mo if I move (you know, because 4 min-wage earners could afford it now), and the bank is pissed because they’re stuck with 15 years left on a mortgage paying 1/4 what they could be making if I’d just move already.
That’s precisely why it won’t happen: bureaucrats won’t give up the welfare empire.
ct: BINGO! What happens if we get to 60 Senate seats in 2018? I’m sure Trump wants to downsize government. Plant the seed at the State of the Union in January. Rats will object to giving up even an inch. Trump appeals to those that sweat out layoffs. The electronic check will be in the mail and the rats will object. Who’s the obstructionist?
“My friends. A young couple get minimum wage jobs and combine their Guaranteed Income. No other benefits such as welfare, food stamps. I call that a good start.”
Except that is already how the welfare system works. Hood rats squirt out a puppy every year until they’re 50 and the taxpayers support them for their whole life.
The hood rat that sires all the pups sells drugs for a living and also is supported by the same taxpayers.
Once Grandma hood rat is too old to dame new pups she is hired by the government to care for her daughter pups or some other scam.
You’re missing something. There’s no extra $$ for puppies. Females can take it to the hood rat’s that impregnate them. They lose their $800(or a portion of it). Of course they could take a lotta hood rats to the cleaners so you got me. Still won’t pay for their cadillacs of yore.
If you get the same UBI regardless if you have ten, one or none, trust me, they will be having many fewer babies.
I do think a UBI must absolutely be financed by a national sales tax and income tax must be ended by a constitutional amendment or the incompetent will just continually vote themselves a larger portion of the pies made by the productive. If every tax increase affects their purchasing power, they will be more circumspect.
In the old days it was tariffs and sin taxes that funded the government. A lot smaller then. Since every country out there exports to the US I say import tax w/no income tax. Pie in the sky.
Every Basic Universal Income scheme I’ve seen gives _everyone_ (includes children)the same amount per capita regardless of earned income. Anything earned is *on top of* the Basic stipend.
My guess is that it will begin with a boost to SS so no retiree gets less than $1k/month. Incrementalism will ratchet that up over time and finally, it will filter down to the younger cohorts.
You _could_ live on the Basic stipend, but most will not want to. I’ll be gone before it’s really Universal.
America is such a great country. It's going to be hard watching it crumble.
The increasingly ignorant electorate and their ignorant and corrupt representatives will embrace this, and it will devastate our economy.
UBI gets rid of a lot of government and confines it to what it does best-writing checks.
UBI is just plain old Socialism. It's another involuntary transfer of wealth. There is no justifying it, and it will wreck the economy. Don't be deceived.
Better dead than red. I suspect there are enough people who feel that way such that it is impossible for the US to ever peacefully become a socialist/communist country. The divisions are such that it would make the Civil War look civil.
I'm not entirely sure of that. We're already turning pretty pink in a lot of places. It's happening incrementally, and the majority complain only because of the slow pace!
If things don't change, Socialism will wreck this nation, just as it has every other one it has infected. :(
Do the math. $10,000/yr X 250,000,000 people = $2.5 TRILLION. Correct me if I’m wrong on the zeros. I’m assuming there are 2.5 million people over age 21. If the GDP is $15 trillion that would mean one sixth (16.6%) for income redistribution. Throw in another 30% for medical/retirement it brings it up to $3.2 trillion(22%)-might be to much. I’m jut saying there will be money once the government is downsized.
I think this shift is more about the failure of neoliberal style capitalism than changing demographics. People need healthcare. It’s not negotiable. If people don’t get their healthcare from their jobs, they will get it from the government.
The real failure of conservatives was allowing neoliberal globalist to change the social contract on American workers and the middle class since the end of the Cold War.
We allowed employers to cut health benefits, cut pensions, cut wages and cut job security. None of the benefits we were promised for these changes came to pass. That has changed the public’s perception about economic issues. People no longer think in terms of “private sector good, public sector bad.”
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