Why just a basic income? Why not make everyone a millionaire, if we can just summon up endless free money to give away?
I always wondered how it was on Star Trek that they don’t have any money. Guess we’re about to find out.
In the Carboniferous Epoch we were promised abundance for all,
By robbing selective Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: ‘If you don’t work you die.’
The the Gods of the Market tumbled, and their smooth-tounged wizards withdrew,
And the hearts of the meanest were humbled and began to belive it was true
That All is not Gold that Glitters, and Two and Two make Four-—
And the Gods of the Copybook Headings limped up to explain it once more
It will fly out of the butts of unicorns, of course.
I thought everyone knew that.
/s
“so we should give them more money”
So is this jerk paying the money? No, us working stiffs who create jobs get to pay for it. And we’re going under.
FU jerkwad.
Hello inflation.
I think the concept is unlikely to be effective due to human nature and the way markets work. However, I think it would be a big improvement if it replaced our current welfare system and minimum wage.
Our current system encourages all the wrong things. UBI would at least be fair if it was NOT means tested and was equally given to every CITIZEN.
But I believe it would have similar drawbacks as the current system: people who prefer to use drugs, not work, and resort to crime to get more than the handouts they have received.
Forget “universal income”
Nobody needs “income”. The government will provide everyone with the basic necessities of life, such as food, shelter, clothes and the gov will decide what work is everyone best suited for and they will be assigned that kind of job.
Welcome to communist utopia in the US.
You know sometimes my cable TV goes out and then the reception on my cell phone cuts in and out. Can Bernie help with those problems? Some days my socks don’t match, will Hillary address that problem?
Payroll tax is 15.3%. Change the law so the entire tax, both employer and employee share, goes to the employee for those who make under 15/hr. This makes it simpler, cheaper for the employer. Win-win for employee, employer and customer.
At the same time, eliminate most or all EITC. Eliminate SSI Disability for most. Change the means test for other programs.
Not his pocket, that's for sure!
Wasn't that similar to the USSR?
IIRC they used to overproduce every year, exceeding goals. /SS
This is just NUTS! Even Marx and the Commies never came up with this garbage.
Ask Richard Nixon where the money will come from. He proposed something similar.
The answer is quite simple. If Peter can take from Paul, Peter will have more money.
FR: Never Accept the Premise of Your Opponent’s Argument
With all due respect to these folks, by discussing so-called national minimum wage as presidential candidates, low-information Sen. Sanders, and likewise low-information former Sen. Clinton, have once again distinguished themselves as excellent examples why the ill-conceived 17th Amendment should never have been ratified.
More specifically, the states have never delegated to the feds, expressly via the Constitution, the specific power to regulate INTRAstate minimum wage or labor-related issues. In fact, a previous generation of state sovereignty-respecting justices had clarified this in broad terms as evidenced by the following excerpt.
”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” —Gibbons v. Ogden, 1824.
So low-information federal politicians are once again trying to get themselves elected by “promising” things to low-information voters, things that the states have never given the feds, expressly via the Constitution, the specific power to regulate, tax and spend for.
why would a person work at a job with lousy conditions that has a low wage rate if they can get basic income for doing nothing?
A $25 minimum wage?
The Jizya collected from the natives will be paying for the Muslim guaranteed income.
Oh... We didn’t mention that non- muslims still had to work?
Where they always go for it. From “the rich”, i.e. anyone who has a job. But this idiot doesn’t realize is that if you get a check no matter how lazy you are, many won’t work at all.