4 ms·

Don't forget to raise everyone's taxes within that zip code as well. You need the full experience.

avmich 6y ago
Or don't raise taxes, if you subscribe to the idea that lowering taxes pay for themselves (to the budget).
dillondoyle 6y ago
One of the ideas is that we wouldn't need to raise taxes - simply replace some of the social safety net spending with a baseline monthly income.
- chordalkeyboard 6y ago
  I’ve read that is politically untenable and financially impossible.
  - dillondoyle 6y ago
    Financially no. politically perhaps probably unless we convince Republicans. Beyond SNAP, some social security changes or simply nationalizing healthcare could provide enough savings alone. Impossible to know but many studies say between 200-450 billion per /year in total healthcare costs from universal. Albeit that's a kind of complicated 'swap' from employer & personal costs to a tax. I would love to see something like a passive sovereign fund / 1% corporate share tax use one of those coming trillions in Corona stimi. Taxpayers should directly benefit from federal policy and stimi that goes mostly goes to the corporate bottom line and valuations. Like a pension, the government has no voting/control. Add protections against runaway de-regulation incentives type governing policy. Hell cut military spending 10% gets $93 billion and if we're fixing healthcare cap the profit or pharma too.
    - chordalkeyboard 6y ago
      https://medium.com/david-grace-columns-organized-by-topic/a-little-math-shows-that-a-universal-basic-income-is-completely-totally-impossible-5534a13d441a https://medium.com/david-grace-columns-organized-by-topic/a-... >> There are about 242,000,000 adults living the United States. $18,000/year UBI X 242,000,000 people = $4,356,000,000,000 that’s $4.356 TRILLION Dollars per year. The total amount collected by the federal government from the income tax is about $1.5 Trillion Dollars per year. Since we would still have to run the rest of the government in addition to paying the UBI, the cost of the UBI plus the other government expenses we currently have would be about Six TRILLION Dollars.
      - dillondoyle 6y ago
        I think most proposals - at least right now the serious ones - are only talking about those already receiving similar value government assistance. Personally I see something close to universal UBI way down the line assuming we can eliminate a large % of human jobs and reduce the amount of work significantly so even if you wanted to work there isn't any work to do. Take the profit dividends and redistribute it.
        chordalkeyboard 6y ago
        > I think most proposals - at least right now the serious ones - are only talking about those already receiving similar value government assistance Its not easy to discuss this when the proposal being discussed seems to shift. Arguing that existing programs should be replaced with a single payment for the current beneficiaries is not UBI and the two should not be conflated.

Or don't raise taxes, if you subscribe to the idea that lowering taxes pay for themselves (to the budget).

One of the ideas is that we wouldn't need to raise taxes - simply replace some of the social safety net spending with a baseline monthly income.

chordalkeyboard 6y ago
I’ve read that is politically untenable and financially impossible.
- dillondoyle 6y ago
  Financially no. politically perhaps probably unless we convince Republicans. Beyond SNAP, some social security changes or simply nationalizing healthcare could provide enough savings alone. Impossible to know but many studies say between 200-450 billion per /year in total healthcare costs from universal. Albeit that's a kind of complicated 'swap' from employer & personal costs to a tax. I would love to see something like a passive sovereign fund / 1% corporate share tax use one of those coming trillions in Corona stimi. Taxpayers should directly benefit from federal policy and stimi that goes mostly goes to the corporate bottom line and valuations. Like a pension, the government has no voting/control. Add protections against runaway de-regulation incentives type governing policy. Hell cut military spending 10% gets $93 billion and if we're fixing healthcare cap the profit or pharma too.
  - chordalkeyboard 6y ago
    https://medium.com/david-grace-columns-organized-by-topic/a-little-math-shows-that-a-universal-basic-income-is-completely-totally-impossible-5534a13d441a https://medium.com/david-grace-columns-organized-by-topic/a-... >> There are about 242,000,000 adults living the United States. $18,000/year UBI X 242,000,000 people = $4,356,000,000,000 that’s $4.356 TRILLION Dollars per year. The total amount collected by the federal government from the income tax is about $1.5 Trillion Dollars per year. Since we would still have to run the rest of the government in addition to paying the UBI, the cost of the UBI plus the other government expenses we currently have would be about Six TRILLION Dollars.
    - dillondoyle 6y ago
      I think most proposals - at least right now the serious ones - are only talking about those already receiving similar value government assistance. Personally I see something close to universal UBI way down the line assuming we can eliminate a large % of human jobs and reduce the amount of work significantly so even if you wanted to work there isn't any work to do. Take the profit dividends and redistribute it.
      - chordalkeyboard 6y ago
        > I think most proposals - at least right now the serious ones - are only talking about those already receiving similar value government assistance Its not easy to discuss this when the proposal being discussed seems to shift. Arguing that existing programs should be replaced with a single payment for the current beneficiaries is not UBI and the two should not be conflated.