To tout universal basic income, presidential candidate puts skin in the game

[MisterBeale]

 

[MisterBeale]

 

[the other mike]

Don't worry..... if we become socialists the CIA will do a coup d 'etat .

 

[danielpalos]

Where is this free money coming from?

There was a link in the post right before yours, and the post itself said how UBI would be paid for.

Here:


What is Universal Basic Income? - Andrew Yang for President

It would be easier than you might think. Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%. Current welfare and social program beneficiaries would be given a choice between their current benefits or $1,000 cash unconditionally – most would prefer cash with no restriction.

A Value-Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share. A VAT is nothing new. 160 out of 193 countries in the world already have a Value-Added Tax or something similar, including all of Europe which has an average VAT of 20 percent.

The means to pay for a Universal Basic Income will come from 4 sources:

1. Current spending. We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of Universal Basic Income because people already receiving benefits would have a choice but would be ineligible to receive the full $1,000 in addition to current benefits.

2. A VAT. Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue. A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software.

3. New revenue. Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy would grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $500 – 600 billion in new revenue from economic growth and activity.

4. We currently spend over one trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 – 200 billion as people would take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. Universal Basic Income would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth.

I would prefer no welfare at all, but that ship has sailed, so if we must have it, I am seeing the reasoning behind it, as long as it is a replacement, not an addition.

.

there should be no slips through our social safety nets. an income of last resort under our form of Capitalism is always useful. Only capital must circulate under capitalism to engender a positive multiplier effect.

 

[danielpalos]

Deport 25 Million illegals and you won’t have to even think about that.

But I agree, we won't be able to use automation and tech for EVERYTHING. 10% of the population will still need to make sure things run smoothly.

But what do you do with a population that has only 10% workforce participation?

Seriously?

twenty-five million potential visitors to our Republic. a fee or a fine could ensure we generate revenue not lose revenue like lousy capitalists.

 

[danielpalos]

The only "solution" you've presented to anything is to pay you $15/hr to stay in your mom's basement and smoke pot all day, and that's not a solution to anything.

The UBI would actually create jobs so that he can work and buy his own basement
to smoke pot in on the weekends.

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

 

[danielpalos]

Don't worry..... if we become socialists the CIA will do a coup d 'etat .

if we become lousy Capitalists and resort to bigotry; we get to "Blame the Right Wing" and have them give our Statue of Liberty back to the French and declaim, "we don't have what it takes in modern times".

 

[hadit]

The only "solution" you've presented to anything is to pay you $15/hr to stay in your mom's basement and smoke pot all day, and that's not a solution to anything.

The UBI would actually create jobs so that he can work and buy his own basement
to smoke pot in on the weekends.

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

 

[danielpalos]

The only "solution" you've presented to anything is to pay you $15/hr to stay in your mom's basement and smoke pot all day, and that's not a solution to anything.

The UBI would actually create jobs so that he can work and buy his own basement
to smoke pot in on the weekends.

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

 

[hadit]

The only "solution" you've presented to anything is to pay you $15/hr to stay in your mom's basement and smoke pot all day, and that's not a solution to anything.

The UBI would actually create jobs so that he can work and buy his own basement
to smoke pot in on the weekends.

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

 

[danielpalos]

The UBI would actually create jobs so that he can work and buy his own basement
to smoke pot in on the weekends.

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

 

[Ray From Cleveland]

Where is this free money coming from?

There was a link in the post right before yours, and the post itself said how UBI would be paid for.

Here:


What is Universal Basic Income? - Andrew Yang for President

It would be easier than you might think. Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%. Current welfare and social program beneficiaries would be given a choice between their current benefits or $1,000 cash unconditionally – most would prefer cash with no restriction.

A Value-Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share. A VAT is nothing new. 160 out of 193 countries in the world already have a Value-Added Tax or something similar, including all of Europe which has an average VAT of 20 percent.

The means to pay for a Universal Basic Income will come from 4 sources:

1. Current spending. We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of Universal Basic Income because people already receiving benefits would have a choice but would be ineligible to receive the full $1,000 in addition to current benefits.

2. A VAT. Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue. A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software.

3. New revenue. Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy would grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $500 – 600 billion in new revenue from economic growth and activity.

4. We currently spend over one trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 – 200 billion as people would take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. Universal Basic Income would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth.

I would prefer no welfare at all, but that ship has sailed, so if we must have it, I am seeing the reasoning behind it, as long as it is a replacement, not an addition.

.

This is where I break rank with most conservatives. I'm with you, if we replaced all social programs with universal income, then I'm willing to consider it.

Of course that would mean no SSI, no Medicare, no Medicaid, no anything. People will just have to learn to be more responsible and figure out their retirement years on their own. The best thing (at least for me) is that it would also replace HUD. HUD targets good communities and destroys them by placing their lowlifes there. Property values decrease, stores close because of shoplifting and robberies, schools go to hell and good teachers leave, all because government believes everybody from all walks of life can hold hands and sing Kumbia.

 

[hadit]

He doesn't want to work.

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

 

[sparky]

UBI would pollute the species , VAT is 3 decades too late , the elite globalists have had control of the American economy for far too long for any effective change

~S~

 

[danielpalos]

employment is at the will of either party. only the right wing insists on depressing wages for Labor as the least wealthy; for "wage-slavery" under our form of Capitalism.

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

no, it isn't. it is solving for capitalism's natural rate of inefficiency through the bailout of socialism correcting for it through unemployment Compensation for simply being Unemployed by Capitalism's natural rate of unemployment.

 

[danielpalos]

UBI would pollute the species , VAT is 3 decades too late , the elite globalists have had control of the American economy for far too long for any effective change

~S~

Our welfare clause is General and there is no provision for excuses in our federal doctrine.

 

[hadit]

Nobody is forced to hire you or pay you for not holding a job. Your fantasy remains a fantasy.

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

no, it isn't. it is solving for capitalism's natural rate of inefficiency through the bailout of socialism correcting for it through unemployment Compensation for simply being Unemployed by Capitalism's natural rate of unemployment.

Compensating those who lost their employment through no fault of their own is unemployment compensation. Supporting those who cannot work is welfare. Paying those who can work and have access to jobs but refuse to work is insanity.

Do you understand now?

 

[danielpalos]

stop whining about general welfare payments.

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

no, it isn't. it is solving for capitalism's natural rate of inefficiency through the bailout of socialism correcting for it through unemployment Compensation for simply being Unemployed by Capitalism's natural rate of unemployment.

Compensating those who lost their employment through no fault of their own is unemployment compensation. Supporting those who cannot work is welfare. Paying those who can work and have access to jobs but refuse to work is insanity.

Do you understand now?

socialism is about equality. employment is at the will of either party not wage-slavery.

 

[hadit]

You're making progress, at least once you admitted it's not UE you're talking about, but welfare.

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

no, it isn't. it is solving for capitalism's natural rate of inefficiency through the bailout of socialism correcting for it through unemployment Compensation for simply being Unemployed by Capitalism's natural rate of unemployment.

Compensating those who lost their employment through no fault of their own is unemployment compensation. Supporting those who cannot work is welfare. Paying those who can work and have access to jobs but refuse to work is insanity.

Do you understand now?

socialism is about equality. employment is at the will of either party not wage-slavery.

You're introducing new words that don't apply to the discussion at hand. Care to stay on topic?

 

[danielpalos]

Compensation for Capitalism's natural rate of unemployment. only the right wing never understands the economic difference.

Tie a pretty ribbon around it, it's still welfare.

no, it isn't. it is solving for capitalism's natural rate of inefficiency through the bailout of socialism correcting for it through unemployment Compensation for simply being Unemployed by Capitalism's natural rate of unemployment.

Compensating those who lost their employment through no fault of their own is unemployment compensation. Supporting those who cannot work is welfare. Paying those who can work and have access to jobs but refuse to work is insanity.

Do you understand now?

socialism is about equality. employment is at the will of either party not wage-slavery.

You're introducing new words that don't apply to the discussion at hand. Care to stay on topic?

it is about recourse to an income of last resort.