People in Two U.S. States Will Get $1,000 a Month in a New Basic Income Trial

Futurism ^ | September 21, 2017 | by Brad Jones

[Steamburg]

After Clintonist operating cost, there will only be 5 people in the study and they will all be DNC donors.

[sheana]

I have cousins like that. Wouldn’t really matter how much money they have because they have absolutely no knowledge of how to manage it. No drug or drinking problems. They have a stupidity problem.
Had a cousin visiting here from out of state and he wanted to go see them. We got there and no one was there so I called her. They had taken their empty cans to the recycle place and gone to Taco Bell. No food in the house but they had that meal taken care of. The cousin from out of state said....I could’ve made that can money last longer than one meal. I just shook my head.

[little jeremiah]

I can guarantee it will do no good to 99% of the people it’s given to, and a significant percentage of people will be harmed - gamble it away, do more drugs, get lazier, etc.

[SisterK]

The overarching goal of this trial is to advance the debate about the future of work.

Working to support yourself as an option? This is so NOT Biblical.

[ctdonath2]

“will they have to pay tax on it?”

Ya know, that’s a good question.

UBI really only matters if your income is below a fairly substantial level. Above that point, you’re just paying out your own $UBI (plus that of others), so it should be a net $0. You give the feds $UBI just so they can give it back to you (without having to track who’s supposed to receive UBI) That’s part of the point: those not needing it just see a net $0.
BUT...
If you have a taxable income, there’s nothing saying you won’t pay taxes on your $UBI checks. So my net $0 suddenly becomes another (taxRate * $UBI) in annual taxes, just because I give the feds $UBI (plus more, for others not paying sufficient taxes) so they can give it back to me. So if UBI is $1000/mo, that means I have to give the feds $12,000/yr just so they can give me $12,000/yr back ... but since it looks like additional income, I have to shell out another $4000 or so on that “income”. WTF?

[xrmusn]

Kind of reminds me of the old guy sitting on the park bench and someone walks by and said

“Say aren’t you Jim Smith?”
“Sure am”
“We went to high school together I heard you made a fortune building houses”
“Sure did”
“What happened, here you are looking like hell sleeping on a park bench”
“Well I made a fortune and spent it on drugs, booze, fast women and faster cars. Then I blew the rest of it”

[Ken H]

“Oh, boy!!! More cigarettes, booze, drugs and hooker money.”

I expect they’ll also spend some of it foolishly:)

[DoughtyOne]

Thanks so much for your support to this point... I personally apprecaite it...
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President Donald J. Trump's address to the United Nations on 09/19/2017.

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Just $542.00 dollars to 97.00%

[oldasrocks]

I need a new boat. Fish are healthy to eat. So give it to me.

[raiderboy]

Communism fails every time. It is unfair for some to work and produce and parasites suck off that for free.it fails the fair test.!!!

[cpdiii]

If Marxism really worked I would be a Marxist. It does not work and leads to nothing but totalaranismsm, depravation and state sanctioned murder.

[JudgemAll]

What you wish to like for personal reason has consequences. The language of UBI is of encouragement for degenerates and uncivilized societies