Barack Obama signals support for a universal basic income

originally posted by: neo96

How about a 1% tax on derivates

YAY!

Let's tax NOTHING!

Since that IS what derivatives are.

Pulled out of thin air like Fiat currency.

Exactly. Way to push the GDP with nothing, innit?

The big, $12,000 per year per adult policy, they find, would permanently grow the economy by 12.56 to 13.10 percent.

Study: a universal basic income would grow the economy

a reply to: PublicOpinion

Bullsnip.

Because it puts people in a higher tax bracket which means they owe more tax.

Net ZERO gain for the little people.

originally posted by: DBCowboy

originally posted by: PublicOpinion
a reply to: DBCowboy

There is no tax on derivative trading that I'm aware of. Remember 2008? Why would I need to justify a thing when we bailed them out already?

You're missing the point.

This program would require an increase in taxes. Doesn't matter what they tax, where they tax, it just means an increase in taxation.

It means taking from someone successful and giving it to someone less successful.

Take more from the people then? Like ... bailing out the less successful banks with tax payer money perhaps? Who's too big to fail now, you see where this is going?

What exactly is it that you want, watching robber barons shy away from their responsibilities? There's an tab of trillions to pay back, innit?

Decisions!

a reply to: neo96

You had my hopes up there for a second.

BUT... Net ZERO gain for this debate, again. Who woulda thunkt!

So... the government would be taking MORE of MY hard earned money to give it away to lazy people.

Good Lord. Our country is seriously going insane.

Where do they really think that all of this money would be coming from?

originally posted by: BlueAjah
So... the government would be taking MORE of MY hard earned money to give it away to lazy people.

Good Lord. Our country is seriously going insane.

Where do they really think that all of this money would be coming from?

You're a robber baron, you don't deserve it.

Hell, you didn't build it!

a reply to: DBCowboy

But...if we make a UBI for everyone at $100k a year and then tax everyone making $100k or more at 90%, there would be money enough to afford everything. Even yo-yos that work in zero gravity so astronauts don’t get bored.

originally posted by: DBCowboy

originally posted by: BlueAjah
So... the government would be taking MORE of MY hard earned money to give it away to lazy people.

Good Lord. Our country is seriously going insane.

Where do they really think that all of this money would be coming from?

You're a robber baron, you don't deserve it.

Hell, you didn't build it!

No? And I thought she is the only one working hard while lazy bankers like us have freebies to gamble away. I mean... somebody has to build stuff while we keep wasting time on ATS. Right?

originally posted by: Ahabstar
a reply to: DBCowboy

But...if we make a UBI for everyone at $100k a year and then tax everyone making $100k or more at 90%, there would be money enough to afford everything. Even yo-yos that work in zero gravity so astronauts don’t get bored.

What happens in 100 years (or less) when the technology paradigm shifts and 75%+ of people can't find work because computers/machines do them faster/cheaper/more efficiently?

Since UBI is stealing and the root of all evil, I guess we'll just do the moral thing and let anyone who can't out-think AI at that point starve to death?

Of course he does, he's a commoe.

a reply to: Wayfarer

I’d say the timeline is more likely 10-20 years. I have heard of AI intercept drone software has been tested in military flight simulators and the pilot instructors can’t beat them. Flipping a burger or a digital voice asking if you want fries with that shouldn’t be too cost prohibitive to write the code. Since we are on the cusp of self driving cars as Ford drops their car lineup...hmmm.

Still a ways off from replicators like on Star Trek but a definite AI might think of a way to put us on the path. I would imagine is how to breakdown and restructure particles of one element into another element. With that, we could literally produce objects out of thin air considering the amounts of carbon, hydrogen, nitrogen and oxygen in the air we breathe.

a reply to: DBCowboy

There used to be only one word to describe this proposal. 'Communism'. I guess that the left is trying AGAIN to change the meaning of a word.

This won't end well... The left generally takes, "the means justify's the end." While the right often thinks that, "the end justify's the means." Both philosophy's are flawed but the left's idealism generally has greater unintended consequences. Let me illustrate: During the 1960's, San Francisco experienced a rapid population increase of low income people that quickly evaporated any place for them to rent and live. Rents were just beginning to rise when the Democratic Mayor decided that the status quo was unacceptable and used the city's bylaws to enforce a cap on rents. Unfortunately this resulted in developers not constructing new buildings to meet the demand because the return on investment was destroyed by the rent cap bylaw and landlords found no proffit in keeping up their buildings essentially all of them becoming slum lords. The Mayor's "idealism" actually hurt the people it was intended to protect. The consequences were obvious and the bylaw was changed eventually resulting in the supply catching up due to the increased demand. The proposed universal basic income (UBI) will result in much the same way as San Francisco's rent cap did. It will enslave the poor as the currency's buying power shrinks due to massive inflation and reduced productive workers (think Russia in the late 80's). I'm sure it will have widespread support though but it will end up with low income people being so much worse off. smh

a reply to: theantediluvian

Why is it every time a fact about the left comes to light you quote something erroneous from the right. Friedman said and I quote,"There is no such thing as a free lunch. Sure sounds like a COMMIE to me. You on the left are brain damaged.

originally posted by: neo96
You already got a taste of this snip.

Social Security.

Guaranteed POVERTY.

UBI is a delusion because no one wants to think where the income for over 300 million American would come from.

And guess effing what ?

No amount of printing more fiat currency.

No amount of borrowing money from communist China,and Japan, and OTHER countries.

No amount of treasuries.

No amount of taxation would even come close to the cash outlay.

Given O's penchant for all things collective, Im certain he means everyone.... that is all the people who would survive the population control purge down to 500 mil or less. I mean, after all he described himself as a citizen of the World. He meant World Order. And Im not kidding.

originally posted by: PublicOpinion
a reply to: DBCowboy

Too big to fail anyone?

How about a 1% tax on derivates to pay back what is due with an UBI that ends poverty for good?

How is wealth redistribution (back to more humane levels) robbery when it hurts noone? The traders will keep trading cuz that's what they do to make a buck, this isn't about taking stuff from actual people.

Alright. You can call me Robin Hoodie if it helps.

I just cant wait for Nancy Pelosi to redistribute her millions. And that loud Congress lady ….. you know the one who has been inciting violence.....

originally posted by: wylekat
a reply to: DBCowboy

So...........

Why wasn't this a thing he could try for while president? A tad late, if you ask me.

Because he was too busy forcing socialized medicine down our throats. He just didn't have time..... and they would have buy off too many people.....

originally posted by: PublicOpinion
a reply to: DBCowboy

This, in my opinion, is the foundation for the Democrat platform.

UBI.

Universal Basic Income.

Free money!

Ahem.... well we do happen to have one trying to do that now.... but ahem.... a bunch of people are calling him a traitor..... well maybe a traitor to the NWO......

Like... bailing out banks and injecting QE after QE into the highly addicted financial market?

Democrat platform? Why didn't the Rapepublicans stop this madness of socialism yet?

a reply to: PublicOpinion

Please allow me to inform you...

In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism may show early signs of success. But any accomplishments quickly fade as the fundamental deficiencies of central planning emerge. It is the initial illusion of success that gives government intervention its pernicious, seductive appeal. In the long run, socialism has always proven to be a formula for tyranny and misery.

In a capitalist economy, incentives are of the utmost importance. Market prices, the profit-and-loss system of accounting, and private property rights provide an efficient, interrelated system of incentives to guide and direct economic behavior. Capitalism is based on the theory that incentives matter!

fee.org...
A key term here: private property rights. Marxism proposes that "bourgeois" property must be abolished. Karl Marx also stated that the bourgeois family unit must be abolished. Sounds a lot like Hillary Clinton's "It takes a village". The Obamas also floated this sentiment of collectivism. For instance Michelle floated the " we all have to give up some of our pie so that others can have more", except maybe she and Obama ..... that is..... Im waiting for them to redistribute the wealth they built up after Obama attained the Presidency. I also remember Obama floating that whole little "collective salvation" thing....
principledperspectives.blogspot.com...