4 ms·
It will make a lot more difference to those who are wealthy as well. But not in a good way. USA Inc. with every citizen as shareholder would work like this: I
by f055 13y ago
It will make a lot more difference to those who are wealthy as well. But not in a good way.
USA Inc. with every citizen as shareholder would work like this: I earn $100K/y, my neighbour just $0/y. I pay $20K in taxes, he pays none. We both get $12K/y from BIG. For me it's a dividend. For my neighbour it's free money. So what's my incentive to work? Screw this, I quit. Now, USA Inc. get's $0/y from both of us. For 4 months we still get the cash, from the surplus. But that runs out, and now we both get $0 and are jobless.
BIG will only work if there are more people who work than those who don't work. Making things easier for people never actually helped them. Those who succeeded had to go through hard work.
- russgray 13y ago"So what's my incentive to work? Screw this, I quit" Your incentive to work is that you earn $100k instead of $12k. I certainly wouldn't quit my job if it means that much of an income hit. This is actually a real situation for me - I could quit my job tomorrow and get more than $12k in benefits, but I won't.
- f055 13y agoGood point. But what if you earned $20k? The problem here is, you would have to go straight from $0 to at least $24k to have incentive to work. Anything less is just not worth the hassle, if you get $12k for nothing. And that creates a problem - how people are going to go up the career ladder, if at the starting point they want so much?
- TheCoelacanth 13y agoEven a minimum wage job would double your income. That is plenty of incentive to work.
- GFischer 13y agoInterns? Work for nothing/benefits/nonmonetary compensation/experience? (I'm not agreeing or disagreeing with the premise, just brainstorming)
- moocowduckquack 13y agoMaking things easier for people never actually helped them. You'd lose a lot of people as a lifeguard.
- f055 13y agoI'd rather teach them how to swim when they are young.
- moocowduckquack 13y agoThen, in addition to my previous comment, especially at a pool for the elderly.