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Barack Obama signals support for a universal basic income

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posted on Jul, 21 2018 @ 10:12 AM
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originally posted by: PublicOpinion
a reply to: ThirdEyeofHorus




A key term here: private property rights


Yeah, no. Let's talk about Allmende or the commons in this one.



 


The US project seems to do fine thus far.


[...]Since the announcement of the basic income experiment, YC Research has remained fairly tight-lipped about the project. But the fact that another related program in San Francisco began in January may suggest it’s going well. So does the fact that Altman has been really doubling down on his support of basic income.

“Why is it okay for somebody that’s in the middle class to say, ‘Hey, I think we should eliminate poverty’ but not okay for Zuckerberg to say that?” he told CNBC.

Support for a universal basic income has become increasingly common among the Silicon Valley and billionaire entrepreneur crowd. Mark Zuckerberg sees it as “a cushion [for people] to try new ideas,” Elon Musk sees it as an inevitability that will result from an increasingly automated future, and Richard Branson recently called it a potential means of reducing unemployment.[...]

Tech Millionaire on Basic Income: Ending Poverty "Moral Imperative"
Of course he would be ... he's a globalist. It is wealthy globalists who keep pushing the socialist/communist narrative. I read some time ago that Rothschild commissioned Karl Marx to write the Communist Manifesto. Did you ever read Antony Sutton's "Wall Street and the Bolshevik Revolution "? Don't imagine just because they support these supposed altruistic ideas that they themselves are real altruists. They will still be wealthy while everyone else is stuck with $20,000 a year income. It's not sustainable anyway. You think the big bankers are going to
Eliminate their own cash cow? Perhaps this will be an eye opener to help you stop being so
Naive about these big players and what they do www.voltairenet.org...
edit on 21-7-2018 by ThirdEyeofHorus because: (no reason given)




posted on Jul, 21 2018 @ 10:43 AM
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a reply to: ThirdEyeofHorus

Ah! The sinister globuli and their evil homeopathic ways, tackling the Brave New Cronyism (without alternatives) with ... errr... actual alternatives? Right. Try not to forget that Judas Soros while you're at it? He's probably unfolding his banner of cultural marxism against us white saints, right about #ing NOW. Again!

Just keep ignoring the details like wealth inequality, or our increasingly automated future for that matter, and you'll be fine.

"I'll be fine like white powder coc aine."




posted on Jul, 26 2018 @ 07:52 PM
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originally posted by: PublicOpinion
a reply to: ThirdEyeofHorus

Ah! The sinister globuli and their evil homeopathic ways, tackling the Brave New Cronyism (without alternatives) with ... errr... actual alternatives? Right. Try not to forget that Judas Soros while you're at it? He's probably unfolding his banner of cultural marxism against us white saints, right about #ing NOW. Again!

Just keep ignoring the details like wealth inequality, or our increasingly automated future for that matter, and you'll be fine.

"I'll be fine like white powder coc aine."

Ok first, there is no entitlement to wealth equality. That's bs Marxist ideology. It is not wealth equality to redistribute wealth that people earn to whatever the govt decides is important at any given time. There will never be "wealth equality", only an equal opportunity to create wealth. Second, do you even know what homeopathy is?



posted on Jul, 26 2018 @ 08:26 PM
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originally posted by: theantediluvian
To say that UBI is "far to the Left" is really inaccurate. It has support in right-wing circles too. Milton Friedman was a supporter for instance.


Universal Basic Income has more to do with supporting Corporatism rather than supporting the poor.
We look at the bail outs, QE and Subsidies and they all go to the Banks and Favored Corporations under the name of national security.

Since the poor never save and spend all their money, it all goes back to the same top corporations and shareholders anyways.



posted on Jul, 26 2018 @ 08:29 PM
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originally posted by: neo96

originally posted by: xuenchen
This would drag out the (already 50 years) war on poverty for another 50 years.

😎


The one percent would definitely be gone, they'd be the new 3/5's crowd for a time.

Then 100% of the people would be equally poor.



The poor spend all their money so where do you think it is going?
Not to a savings account or investments on Government Wall Street.
It is going right back to the wealthy!



posted on Jul, 26 2018 @ 08:36 PM
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originally posted by: Gothmog
Easier to get votes for Democrats promising (yet not delivering) free stuff to a hungry Democratic demographic.


Smoke and Mirrors
Here is Obamas Top Contributors.
And don't forget, Hillary was placating her masters with her speeches on Wall Street.

Top Contributors to Obama
Goldman Sachs $1,013,091
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Morgan Stanley $512,232
Latham & Watkins $503,295



posted on Jul, 26 2018 @ 08:45 PM
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a reply to: DBCowboy

The 10 Trillion Dollar question is :

Where does the money for UBI come from?

$1,000 a month for everyone in the US is 4.2 Trillion
A year roughly.

Anyone got that in their drawer somewhere?

In 2017 about 922 Billion was paid out by Social Security, a modest UBI would easily match that and a $1,000 a month UBI would dwarf that.

Sounds great till you figure out how to fund it.
edit on 26-7-2018 by pavil because: (no reason given)



posted on Jul, 26 2018 @ 08:52 PM
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a reply to: pavil



The frustrating thing is the constant battle to stop them from taking our money.

It never ends!



posted on Jul, 26 2018 @ 08:59 PM
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a reply to: DBCowboy

Everyone wants everything. .....as long as someone else pays for it.

There have been small scale experiments in Scandinavia (Findland?). There has been some hiccups but they need more time and data to determine if it's feasible on a bigger scale there. The US, size wise, would be a huge gamble without running similar tests.



posted on Jul, 26 2018 @ 09:09 PM
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a reply to: DBCowboy

Well that is wonderful!
I imagine that he and his spouse will begin
the charge by donating all of their personal savings,
investments, intellectual property rights,personal holdings,
offshore accounts, and all real estate.

Matthew 19:21

Praise God Almighty
S&F
edit on 26-7-2018 by Wildmanimal because: S&F



posted on Jul, 26 2018 @ 10:13 PM
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With all due respect, even if this is a mud pit, I'd like to point out some minor exaggerations in this thread.

To start the term universal basic income is a misnomer because it wouldn't actually be universal. There would still be annual income requirements. There's a pilot program starting in Ontario in a handful of small towns that has an annual income cap at $34,000 for a single person or $48,000 for a couple. For simplicity sake I'm going to use the single person requirements for now on. $34,000 CAD is (presently) about $27,000 USD.

I tried looking up income statistics for people making $27,000 or less in the USA but was inundated with links about how 51% of the total workforce is making less than $30,000. So I figured it would be easier to go with that number as the eligible annual income.

According to Pew there are approximately 150,000,000 people currently working. Of that 150 million, 51% are making less than $30,000, which comes to 76,500,000 people. Depending where you look there are estimates of 87 to 96 million people unemployed and they too would qualify for UBI. I'm going to go with 93,000,000. That totals 169,500,000 people eligible for UBI.

Now adjusted, how much would that be in a year if the UBI was $6,000?

$1,017,000,000,000 (one trillion and 17 billion dollars).

---

From this point on this is my personal opinion on why a UBI would be good for people making $30,000 or less annually. There is definitely a fear that those who receive the money are going to be irresponsible with it but I believe those concerns are overstated. For one, it works out to be $500 a month. People aren't going to quit their jobs over $500 a month. Nor are those people going to hoard the money. It is going to get spent. That money will go towards bills, groceries, clothing and other basic necessities. Beyond basic necessities the money will be spent on other needs such as house or vehicle repair and maintenance, school fees, daycare. Then there is going to be frivolous spending like going out to a restaurant, purchasing alcohol, and entertainment. People are going to buy new televisions, electronics, and appliances.

But that's not a negative. Because of everything mentioned above, all of that spending goes to help the economy. Taxes collected from store purchases and bill payments. Local businesses would see a boom of people being able to afford their services, ones like a plumber or an exterminator or a mechanic.

As other people have pointed out this is not a possibility but rather an inevitability due to the fast growing automation industry. You can say wait until it happens before addressing it but then you're racing against time when it does become an issue.

I am definitely going to keep an eye on the pilot program in Ontario. It is an interesting economic experiment at the very least.


edit on 7/26/2018 by MonkeyFishFrog because: (no reason given)



posted on Jul, 27 2018 @ 12:47 AM
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a reply to: MonkeyFishFrog


Why are you thinking so small???

Why not write every American a check for a million dollars?

Seriously.

Although the price of Phillies Blunts and Doritos might go up a bit, and a lot of people would quit jobs and buy real estate. And become recording artists.

SUV sales would skyrocket. So would jet skis, come to think of it.


So why not? If a little is good, a lot must be GREAT!!!!!



posted on Jul, 27 2018 @ 12:55 AM
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a reply to: pavil

We tax the robots and automation which will take many jobs in the future that will pay for it.



posted on Jul, 27 2018 @ 03:08 AM
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a reply to: DBCowboy

Barack Obama signals support for a universal basic income. - Well if he supports the idea why did he not bring it in when he was in power, he had 2 terms to do it in??



posted on Jul, 27 2018 @ 06:12 AM
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a reply to: ThirdEyeofHorus

*Miniimiiieee*

Marxism!

*duck and cover*

Maybe we'll need more Globuli? All I know is that the war on poverty is known to achieve negative placebo effects, if it does. Which is, you've guessed it, counterproductive.



There will never be "wealth equality", only an equal opportunity to create wealth.



By striving to do the impossible, man has always achieved what is possible. Those who have cautiously done no more than they believed possible have never taken a single step forward.
...
From each according to his faculties; to each according to his needs.

Bakunin



posted on Jul, 31 2018 @ 12:59 PM
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a reply to: DBCowboy

Let him pay for the moochers, then. I won't do it.



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