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originally posted by: Eilasvaleleyn
a reply to: AugustusMasonicus
I can't seem to find it, so I'll assume it was adjusted for the dollar strength differences? That is, something costing $1 in Australia would cost $0.70 in America.
Hmm, for our minimum wage to be equitable, the cost of living in the US must be half that of ours. Even less than that if you account for currency values.
originally posted by: diggindirt
a reply to: Aazadan
So you're going to cut all the Social Security recipients down to $15k/yr.? How is that fair in any way?
Oh well, we Boomers knew we'd never see any of that money anyway....we've made other provisions.
originally posted by: Xtrozero
originally posted by: FriedBabelBroccoli
P.S. The bottom 50% of households earn $35,000 or less. I don't know how much you earn, but earning any less than that were I live requires room mates, no car, cheap processed food (or bulk food stuffs), and very little entertainment (which usually stimulates the local economy). Also, forget about ever affording your own house, maybe you can afford a studio with no running water someday.
In the 80s I had roommates until I was in my 30s when I didn't need them anymore. I have found that process foods are not cheap etc, in my other posts can you list what is needed in cost to live on?
35,000 is about 18 per hour for a 40 hour week. So minus taxes you have about 2,500 per month to live on.
Rent 1000 with roommate 500
Food 400 with roommate 300 or less
What other things am I missing?
originally posted by: boncho
Where does the tax money need to go when you print money from trees?
Look I can build straw man arguments and be absurd too. I listed a few examples of a few different means of implementing a few different programs all under the same banner. Is there a specific one you want to critique?
Why not critique the OP one which puts a living wage as costing less than the current system. Or does the current system have magical money as well?
originally posted by: Aazadan
A basic income is working in Norway, I don't think they get $20,000 though, it's closer to around what $15,000 USD will get you. They also pay a much higher tax rate than we do.
On the other hand, because of the basic income it ensures that everyone is financially secure enough to work fewer hours, focus on self improvement, and improve their lot in life.
originally posted by: Aazadan
Lets call it $4.4 trillion.
This would also eliminate the need for welfare spending and social security which come to $1.4 trillion. So what you would be looking at is coming up with about $3 trillion in additional revenue. An increase in federal income taxes could easily cover that.
originally posted by: dismanrc
there is ALWAYS something that comes up
originally posted by: The Cusp
"I sacrificed my happiness and my health working a thankless job, so you should have to do that too. Because otherwise, it would mean I'm a fool, and that's not acceptable"
originally posted by: neveroddoreven99
$6,000 a year just for rent
$0 for childcare, because you're poor and have the sense to not have a bunch of kids.
$0/mo car payment, because you saved up and bought a decent car for $5k. Insurance is $100/mo.
$200/mo for food.
Add $50/mo for gas and $150/mo for utilities.
$12k/year. So, it turns out minimum wage IS a living wage.... for you, or any other one person.