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How to Fund a Universal Basic Income Without Increasing Taxes or Inflation
Truth Out ^ | October 7, 2017 | Ellen Brown, The Web of Debt Blog

Posted on 10/07/2017 10:29:08 PM PDT by 2ndDivisionVet

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To: aquila48

Yes. We are all just lumps of clay, waiting to be molded into their perfect idea of a human.


61 posted on 10/08/2017 5:40:56 AM PDT by vpintheak (tFreedom is not equality; and equality is not freedom!)
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To: vpintheak

The idea certainly puts ‘the new math’ further down on the list of sensible things that don’t work......

This person is a total dimwit.


62 posted on 10/08/2017 7:18:21 AM PDT by ridesthemiles
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To: OldArmy52

I am waitin for Buffett to pay all his back Fed income taxes. That would certainly help the balance sheet.


63 posted on 10/08/2017 7:21:58 AM PDT by ridesthemiles
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To: ridesthemiles

Unfortunately, the dimwit is not alone!


64 posted on 10/08/2017 8:37:21 AM PDT by vpintheak (tFreedom is not equality; and equality is not freedom!)
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To: Viking2002

Mr. DATA!!! Can you figure this Ferrangi Crap out????


65 posted on 10/08/2017 9:52:16 AM PDT by SandRat (Duty, Honor, Country)
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To: 2ndDivisionVet

We are in that awkward period.. too soon for guaranteed income and too late for full unemployment.

We are just on the far outskirts of full automation.

You will know it has arrived when you can make everything you need to exist right in your own home.


66 posted on 10/08/2017 11:10:00 AM PDT by Bobalu (The NFL, Watching their demise is more fun than watching their games.)
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To: 2ndDivisionVet
What if anyone who accepted a UBI had to forfeit their right to vote for the duration of the UBI?

How many people would still accept it?

How would it change the electorate?

How would it change Washington?

-PJ

67 posted on 10/08/2017 11:19:40 AM PDT by Political Junkie Too (The 1st Amendment gives the People the right to a free press, not CNN the right to the 1st question.)
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To: 2ndDivisionVet
This is due to the "velocity of money" -- the number of times a dollar is traded in a year, from farmer to grocer to landlord, etc. In a good economy, the velocity of the M1 money stock (coins, dollar bills, demand deposits and checkable deposits) is about seven; and each recipient will pay taxes on this same dollar as it changes hands.

Wow! When it comes to economics, few are as clueless as Ellen.

This dollar changing hands is revenue to each recipient, not profit or income.

In practice, there will be a fair amount of leakage in these returns due to loopholes and deductions for costs. But any shortfall can be made up in other ways, including closing tax loopholes, taxing the $21 trillion or more hidden in offshore tax havens, or setting up a system of public banks that would collect interest that came back to the government.

Yeah, we need to give the corrupt Illinois politicians control of a public bank. Imagine all the money it will earn when it makes loans to political cronies.

We'll be able to run the state with no taxation of any kind. What could go wrong?

68 posted on 10/08/2017 3:31:19 PM PDT by Toddsterpatriot (TANSTAAFL)
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>> The policy of guaranteeing every citizen a universal basic income is gaining support around the world

The support is at 110%


69 posted on 10/08/2017 11:36:59 PM PDT by Gene Eric (Don't be a statist!)
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To: scottteng

That would effectively be the same thing as UBI, and yes more efficient tax system.


70 posted on 10/09/2017 6:08:47 AM PDT by rb22982
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To: 2ndDivisionVet

What this article seems to ignore is the importance of work....for one’s self-esteem as much as to earn a living.


71 posted on 10/09/2017 8:06:10 AM PDT by Republicanprofessor
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To: Republicanprofessor

“That’s so last century, Dude.”


72 posted on 10/09/2017 8:06:55 AM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: chrisser

You’re being a little too logical there, LOL.


73 posted on 10/21/2017 9:53:45 AM PDT by Rusty0604
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To: chrisser

Taxation is punitive. It ceased being about revenue a long time ago.


74 posted on 10/21/2017 9:58:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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