More theft by democrat run government.
I foresee a surge in sales of gun safes.
It will never be enough
Give away program to keep them on the tax plantation while the rest pay for it. Would be nice to see the govt dissolved or secession within the US. They don’t have the authority to lead. I’m hoping the US states break away and form their own countries.
“To pay every adult and child in the United States a yearly income of $10,000 per year, the government would likely have to cut most non-health social spending programs”
Gina Martinez doesn’t grok Democrats or understand woke politics and vote-buying in the USA. The government will NEVER cut those spending programs. It will just lard on more and more “benefits” like this. They don’t care one whit if it causes the USA to go bankrupt or plunge into financial ruin.
I have not seen this video posted anywhere. It sums up in very shocking language the disgust some feel at the destroyed economy.
LANGUAGE ALERT!!!!!!
https://twitter.com/danscavino/status/1406260280301137924?s=27
Whaaa! I want $500!!!!
Wait, the math is flawed. How does one take £116 per month, yet pay £1000? Is this UBI means-tested?
Inflation will take care of that.
Per month.
30 percent a year.
That would abolish private savings in no time. Then how will it be financed?
Before it was called “universal basic income” it was known as “welfare”
Incroyable!
In a couple of years that’ll buy a loaf of bread.
More hyperinflation, all for more money to buy China-made products with.
This is what will happen:
Detroit Man Wins $30K Lottery, Spends $20K on Chain, Has It Snatched
Ssuch an income would intensify poverty. A single elderly/retired person couldn’t make ends meet on $500/month.
“Another suggestion is a negative interest rate, that would take a percentage of every citizen’s bank account each month.”
Beware the digital wallet, cryptocurrency government controlled economy.
So the government gets people dependent on universal basic income and what happens when they decide to pull the plug on the money?
What are all those dependent on that income going to do?
In a way soc sec does that. It is a fixed income and if your total income is above a set amount you pay 15% of your Soc Sec back to IRS. Lucky us we get to keep 85% of the SS. I bet their has been government programs studying the spending of SS over the years. And has lead to this new taxation scheme. Plotted for all instead of a few.