Posted on 06/20/2021 6:12:01 PM PDT by blueplum
Residents in cities across the country are receiving $500 per month payments as part of a no-strings-attached experimental universal basic income program....
...places from Compton, California, to Richmond, Virginia, are trying out pilot guaranteed income programs as researchers hope the results give them a fuller picture of what happens when a range of people are sent payments that guarantee a basic living, AP reported. ...
...Center for Guaranteed Income Research co-founder Stacia West, who is evaluating more than 20 similar pilot programs, is interested in seeing how spending compares to cities like Stockton, California, where more than a third went for food.
...The program would likely be funded by an increase in income taxes across all income levels.
To pay every adult and child in the United States a yearly income of £8,045 ($10,000) per year, the government would likely have to cut most non-health social spending programs and raise the share of GDP collected in tax by ten per cent....
...Another suggestion is a negative interest rate, that would take a percentage of every citizen's bank account each month.
A universal basic income in the United Kingdom that would give every adult and child £12,000 ($14,900) per year requires a negative interest rate of 2.5 percent per month, according to the Centre for Welfare Reform.
So, if a person were to have £5,000 ($6,600) in his or her bank account at the beginning of the month, by the end, £4,884 ($6,500) would be left because £116 ($153) would be taken by the government for a universal basic income pot....
(Excerpt) Read more at dailymail.co.uk ...
More theft by democrat run government.
I foresee a surge in sales of gun safes.
It will never be enough
Give away program to keep them on the tax plantation while the rest pay for it. Would be nice to see the govt dissolved or secession within the US. They don’t have the authority to lead. I’m hoping the US states break away and form their own countries.
“To pay every adult and child in the United States a yearly income of $10,000 per year, the government would likely have to cut most non-health social spending programs”
Gina Martinez doesn’t grok Democrats or understand woke politics and vote-buying in the USA. The government will NEVER cut those spending programs. It will just lard on more and more “benefits” like this. They don’t care one whit if it causes the USA to go bankrupt or plunge into financial ruin.
Deep state is moving people around within the States to change the politics. Handouts are an incentive. Pay people from the North East to move to Virginia and other states. It’s been going on.
I have not seen this video posted anywhere. It sums up in very shocking language the disgust some feel at the destroyed economy.
LANGUAGE ALERT!!!!!!
https://twitter.com/danscavino/status/1406260280301137924?s=27
Whaaa! I want $500!!!!
You can add special deals at the banks in order to buy houses.
Mason jars and a shovel
Wait, the math is flawed. How does one take £116 per month, yet pay £1000? Is this UBI means-tested?
Inflation will take care of that.
Per month.
30 percent a year.
That would abolish private savings in no time. Then how will it be financed?
Before it was called “universal basic income” it was known as “welfare”
I want that guy to address a joint session of Congress, and not change one ******g word!
It was known as “being a bum”.
Incroyable!
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