So Universal Basic Income -- Starting With Nigeria(?)

[mascale]

Jesus ben Joseph, Son of Mary, called, "Oh Christ!" had no little lamb. Whatever Mary had is usually relegated to Amendment One. Democratic presidential contender, Andrew Yang: Has a Universal Basic Income Plan, replacing Welfare, among other things. Many should start with the flaw about that. Some people have no clue about much of anything.

Nigeria has the basic concept: Empower Millions. The way to do that is math. The subjugating Prince of Egypt, Moses, treated all of humanity--specifically not Israeli--as beneath contempt, to be charged usury. An example is Deuteronomy 23:19-20. Then Hellenist New Testament identifies the Moses Atrocity, creating a kind of "Foreclosure Crisis," even then. Usury is arithmetic empowering the dominant numbers. The lesser numbers all stay home and die. That is Matthew 25:14-30. A remedy is Matthew 20:1-16, empowering markets with paying customers: Equal amounts of number-denominated currency. That part Andrew Yang does get.

So does Nigeria, without disturbing anything, however.

TraderMoni is an Empowerment Scheme of the FG

Even a Moslem can accept a no-Riba loan. The loan amount eligibility increases with repayment. However Nigeria sets that up--a separate, self-aggrandizing fund comes to mind--it is so clearly harmless that not one of the various partisan candidates seems to want to bring that up.

Financial Inclusion is about arithmetic.

The Obama Administration created the "Refundable Make Work Pay Tax Credit." No-interest money was provided to households, even if no Tax Refund was due. Since it is math, then a "Fund" amount is computable certain. It is clearly funded from tax proceeds--and is potentially self-aggrandizing. The Refund Amount can be indexed.

So what does a national Cost-of-Living Adjustment even look like.

"Crow, James Crow: Shaken, Not Stirred!"
(To Lands of Many Nations: Do no harm as in, "Bullshit!")

 

[anotherlife]

Nigeria has the best universal basic income principle, and it works perfectly: no infrastructure!

 

[Silent Warrior]

Nigeria's economy is doing so well that all those princes want to ship their money out to Americans. All they need is your bank account number.

 

[dblack]

The problem I have with UBI is that it essentially makes the government everyone's boss - at least if they want to get their monthly check. If we grow dependent on the state for our income, the state, implementing the true democratic will of the people, will use the dependency to crack down on people who defy the majority will.

Will the UBI be truly available to all? Or only to those who "qualify"? Do criminals get UBI? What about registered sex offenders? Deadbeat dads? Immigrants (legal)?

I'm sure the plan is for the UBI program to treat everyone equally. But, as has been noted, some are more equal than others.

 

[Silent Warrior]

My problem with UBI is that it rewards the non-productive at the expense of the productive. It's the story of the ants and the grasshopper with the government going after the ants.

 

[Picaro]

My problem with UBI is that it rewards the non-productive at the expense of the productive. It's the story of the ants and the grasshopper with the government going after the ants.

So does the financial sector reward the non-productive, and much more lucratively than it does the productive sector.

A better idea is to stop the usual historical pattern of letting the non-productive sectors gradually replace the productive sectors, and in our case bring back production and build up the tax base as well. Of course, it's hard to get support for that, given how many people are buying into the nonsense they'rea ll going to get rich on their 401Ks, and will take far less money on their productive activities in return for that bullshit propaganda.

 

[dblack]

My problem with UBI is that it rewards the non-productive at the expense of the productive. It's the story of the ants and the grasshopper with the government going after the ants.

So does the financial sector reward the non-productive, and much more lucratively than it does the productive sector.

Are you suggesting that the work investors do is non-productive?

It sounds like you are, and you should know that this makes it impossible for intelligent people to take you seriously. That nonsense might sell with naive millennials, but it's just silly demagoguery to the ready of us.

 

[Picaro]

My problem with UBI is that it rewards the non-productive at the expense of the productive. It's the story of the ants and the grasshopper with the government going after the ants.

So does the financial sector reward the non-productive, and much more lucratively than it does the productive sector.

Are you suggesting that the work investors do is non-productive?

It sounds like you are, and you should know that this makes it impossible for intelligent people to take you seriously. That nonsense might sell with naive millennials, but it's just silly demagoguery to the ready of us.

Reallyh? So, you want the U.S. to follow the Dutch and Britsh down the shit hole, so you day trade, i.e. gamble on making a lot of unearned income overseas instead of with a real job here in the U.S.? You clearly just parrot ideology and have no clue what a real economy is, probably too young to have ever seen one. 'Investors'? lol what a hoot.

 

[dblack]

Reallyh? So, you want the U.S. to follow the Dutch and Britsh down the shit hole, so you day trade, i.e. gamble on making a lot of unearned income overseas instead of with a real job here in the U.S.? You clearly just parrot ideology and have no clue what a real economy is, probably too young to have ever seen one. 'Investors'? lol what a hoot.

What's funny about the word "Investors"? Investors do important work. It's work that must be done in any complex economy, even a socialist one. The only difference is that under socialism investment is directed by the government rather than private investors.

 

[Paulie]

Reallyh? So, you want the U.S. to follow the Dutch and Britsh down the shit hole, so you day trade, i.e. gamble on making a lot of unearned income overseas instead of with a real job here in the U.S.? You clearly just parrot ideology and have no clue what a real economy is, probably too young to have ever seen one. 'Investors'? lol what a hoot.

What's funny about the word "Investors"? Investors do important work. It's work that must be done in any complex economy, even a socialist one. The only difference is that under socialism investment is directed by the government rather than private investors.

You can never get through to a leftist on economics because they simply can’t see past the issue of greed. They believe it’s something that can be engineered out of society, or at the very least legislated to minimal impact. And hey, maybe it can. But not without a much greater expense to freedom. I can’t imagine you’d have much freedom left by the time you legislated greed completely out of existence.

 

[Picaro]

You can never get nariccisistic ieologues to admit where most of the research and eveleopment and financing of infrastructure in the U.S. came from, goverment spending and subsidies; can't have Big Business without subsidizing the growth of small businesses, whether it be roads, canals, patent laws and the courts to enforce them, federally funded armories to develop standards and standardization of machinery and goods, the lsit goes on and on and on, while 'investors' usualy just sit on their cash and rents until the govt. makes sure their 'investments' are profitable for themselves, while they lure in the small people and charge them to 'invest' in speculative paper.

Today is not different; it's called socializing the costs while privatizing the profits. Every boom is followed by a bust, and then the busted get subsidized out of trouble, then it's rinse and repeat. Nobody on Wall Street or out in Greenwich, Conn. or in any right wing fever swamp is for real laissez faire, that's just a lie peddled to the stupid.

 

[Thunk]

People have no basic concept of how things work.

Governments get their money from taxing the people.

So they are going to tax the people to give the people a universal basic income?

That makes alot of friggan sense!

 

[mascale]

The UBI of $1000 per month for everyone should be getting promoted as Financial Inclusion. It is still somewhere near poverty level. The concept of a Cost-of-Living Adjustment is widely known, but itself is currently not Financial Inclusion. The Social Security COLA uses fixed percentage, usury raises: Like in Matthew 25:14-30. That is basis in empowerment only of the dominant numbers. Oil and Coal investments are dominant numbers. Anyone notices that even Communist Party of China: Breathes less and is faltering.

The arithmetic of Financial Inclusion is better said Market Democratic Free Choice. People can say no to Oil and Coal. Alternative Empowerment of numbers can happen, with more investment on behalf of even other alternatives. The Socialist command-economy is arithmetic-shown: No different from the command-economy of the capital model. Even the computing of the numbers is self-aggrandizing, excluding alternatives.

So Nigeria offers credit where none has happened before. USA offered $400.00 per tax filing adult where that had never happened before. Both options are the straight arithmetic alternatives of New Testament Matthew 20: 1-16, but finally put in place. Mohammed, Adam Smith, Karl Marx, Keynes, Galbraith or Friedman: All have in common never bringing even the arithmetic to the public. Post-Gospels, neither did they, in fact.

"Crow, James Crow: Shaken, Not Stirred!"
(Lands of Many Nations never even thought about eating oil and coal, widely consumed among White Eyes(?)!)