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originally posted by: Pyrrho
originally posted by: Benicealways
a reply to: Pyrrho
The resources, as they are free. The technology, as they are resources. And finally, the people who want to have more than the basics.
Virtually all the money of a basic income goes back into the community whereas billionaire bankers put it off shore.
The resources are free? They just magically appear out of nowhere?
The technology? Where do you get it from? Who discovers the technology, and who has incentive to over achieve and research new technology to further advance this new society?
How do you reconcile the inefficiency of such a large government, which would no doubt have to use violence to force the entire population to give up their individual liberties to make this system work?
And what do you do when the billionaires take their money and leave? Every industry they have money in disappears, too. They aren't going to participate in such a corrupt system, and neither will large parts of the working population. We take away their freedom and tell them to participate or else?
I don't think you understand the implications. Maybe you can go immigrate to North Korea or elsewhere that you might enjoy.
originally posted by: Edumakated
Where does the money come from? There are 300 million people in the US. If you guaranteed $30,000 a year to every man, woman, and child that is $9 Trillion PER YEAR. We only collect about $2.2 trillion in taxes per year!
Then what do you do when people waste their "basic income" on booze, hookers, blow, and 24 inch rims? Do you then just throw them out on the streets?
Injecting all the additional money into the system would result in inflation. In the short term, you may see some economic boost, but as price discovery occurs, prices will rise and those people will still be broker than a muddfudda.
originally posted by: stabstab
You could open up space mining and unleash the corporations then just tax them a reasonable amount and voila you have hard assets backing up the basic income.
originally posted by: speeddr2000
Damn got schooled i guess. Where are you coming from. Nothing but you dont understand economy. It is simple supply and demand. The more people need an item the more the cost goes up. I under stand the collecting benefits its no where near 30k a person witch is 9 trillion. Also most of the benefits are coming from housing cost that are being subsidized by the government. When you have some one making 30k a year and getting another 30k from working why would you work ? I lived off 30k a year before so why keep working. The incentive to work is to not be poor and buy things. Its just the market that we have.