Andrew Yang seems pretty awesome
August 14th, 2019 at 2:50:35 PM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 136 Posts: 19787 |
I have been hearing robots will replace us almost all my life. Hasn't happened. There will be displacement to be sure, but those workers will move to something else. Just because it replaces welfare does not mean it can be paid for. Right now, about 40% of the population is not in the labor force. So right off whoever works has to pay in almost double what they get in UBI. Put another way, impossible. War is peace. Freedom is slavery. Ignorance is strength |
August 14th, 2019 at 3:17:18 PM permalink | |
FrGamble Member since: Oct 24, 2012 Threads: 67 Posts: 7596 | It isn't paid through our income like Social Security tax, that would go away. Along with savings from social programs it includes a Value Added Tax that would help pay for it. “It is with the smallest brushes that the artist paints the most exquisitely beautiful pictures.” ( |
August 14th, 2019 at 3:23:14 PM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 136 Posts: 19787 |
So you will get the UBI but have to pay it back via VAT? Just moving money around, and you can bet the VAT will go up and up, paying for other things. Bottom line, wealth has to come from somewhere. No society has ever given away money to prosperity. UBI cannot work. War is peace. Freedom is slavery. Ignorance is strength |
August 14th, 2019 at 3:36:30 PM permalink | |
FrGamble Member since: Oct 24, 2012 Threads: 67 Posts: 7596 | I agree with you about where wealth comes from. A UBI is not wealth, it is help to create an environment where wealth can be made and risks of being an entrepreneur can lessen. “It is with the smallest brushes that the artist paints the most exquisitely beautiful pictures.” ( |
August 14th, 2019 at 3:44:58 PM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 136 Posts: 19787 |
UBI = money money = wealth That UBI comes from someone else's labors. Don't buy the line that it will make more entrepreneurs. People that want to start a business make it happen. People who "do not have to worry about money" have a much higher failure rate. The former work to make it happen. The later open marginal businesses and go home earlier. War is peace. Freedom is slavery. Ignorance is strength |
August 14th, 2019 at 3:48:10 PM permalink | |
Wizard Administrator Member since: Oct 23, 2012 Threads: 241 Posts: 6108 |
If I were in charge, I would fully pay for all government spending, including this. I would try to get as much government revenue as possible out of taxing sales, property, and energy. Note that I didn't say income. I would prefer to tax consumption rather than creation. As to another comment, any change in tax law causes some redistribution of wealth. That doesn't mean we should oppose all change. Knowledge is Good -- Emil Faber |
August 14th, 2019 at 4:27:27 PM permalink | |
Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687 |
If you want this, it would require new federal taxes, such as a federal sales tax and a federal property tax. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan |
August 14th, 2019 at 5:01:04 PM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 136 Posts: 19787 |
While I am 100% against UBI, I am totally for changing the Constitution to get rid of the income tax. Instead of taxing energy, I would legalize drugs up and down the line and take a cut. Legalize prostitution, take a cut. National lottery. Time to quit fighting vice and profit off of it. War is peace. Freedom is slavery. Ignorance is strength |
August 14th, 2019 at 5:15:15 PM permalink | |
Wizard Administrator Member since: Oct 23, 2012 Threads: 241 Posts: 6108 |
I have no problem with that. Knowledge is Good -- Emil Faber |
August 14th, 2019 at 5:16:48 PM permalink | |
Wizard Administrator Member since: Oct 23, 2012 Threads: 241 Posts: 6108 |
I agree there 100%! Knowledge is Good -- Emil Faber |