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originally posted by: MRinder
a reply to: luthier
The ubi cancels beuracratic cost. Like I said welfare and disability are incredibly inefficient.
So giving welfare and disability to a subset of people is more inefficient than giving it to everyoone?
The. There is the case of companies like Amazon who can use loopholes by "reinvestment" .
Should companies not be allowed to deduct their costs of doing business and not be able to decide what are the best decisions for their companies long term health?
What happens to a town in Michigan when 50k people are layed off? How inefficient is unemployment?
Seems relatively efficient. Companies pay into the fund and money is paid to employees when they are laid off. Then once laid off the company is charged additional fees based on the cost of their former employees unemployment.
12k is also unlikely to be put into bank accounts judging by the american consumer credit mode. So its again put into the economy. The middle class in particular would benefit for a change. While also giving money to buy upgrades etc..
What kind of upgrades are we talking? Like the kick ass Bose speaker package upgrade for a new car or upgrades to first class seats on a flight? This money is also taken out of the economy to pay for the UBI and taxes on the added economic activity will not replace all the money that is spent on UBI. It's impossible. It's what I like to refer to as Progressive math.
It highly unlikely 12k is going to make people who currently want to work stop working to live in poverty. They will however get a boost.
This money has to come from somewhere unless you just plan on running up deficits and printing more money so it's hard to see where this net boost is coming from. It's just shuffling around money.
originally posted by: luthier
a reply to: MRinder
The ubi does not get taken away when you go to school or get a crap job like welfare.
So yeah it would probably make people take crap 30k jobs or part time work in school.
Studies have found that our federal government could save up to $500 billion per year on administrative costs by moving to a Medicare for All, single-payer health care system.
Moreover, the United States pays, by far, the highest prices in the world for prescription drugs because Congress has done nothing to regulate the price of medicine. If the U.S. joined the rest of the industrialized world and negotiated with the pharmaceutical companies to lower prices, our country could save up to $113 billion per year.
In 2016, employers paid an average of $12,865 in private health insurance premiums for a worker with a family of four who makes $50,000 a year. Under this option, employers would pay a 7.5 percent payroll tax to help finance Medicare for All – just $3,750 – a savings of more than $9,000 a year for that employee.
Last year the typical working family paid an average of $5,277 in premiums to private health insurance companies. Under this option, a typical family of four earning $50,000, after taking the standard deduction, would pay a 4 percent income-based premium to fund Medicare for All – just $844 a year – saving that family over $4,400 a year. Because of the standard deduction, families of four making less than $29,000 a year would not pay this premium.
Several tax breaks that subsidize health care would become obsolete and disappear under Medicare for All. The biggest health expenditure is the preference that excludes employer-paid premiums from payroll and income taxes. This is a significant tax break that would be eliminated under this plan because all Americans would receive health care through the new Medicare for All program instead of employer-based health care. The exclusion for contributions to cafeteria plans and the medical expense deduction will also be eliminated.
The top line of the paper’s abstract says that the bill “would, under conservative estimates, increase federal budget commitments by approximately $32.6 trillion during its first 10 years of full implementation.”
40 percent on income between $250,000 and $500,000.
45 percent on income between $500,000 and $2 million.
50 percent on income between $2 million and $10 million. (In 2014, only 136,000 households, the top 0.1 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2014, only 16,700 households, just 0.02 percent of taxpayers, had income exceeding $10 million.)
This option closes the Gingrich-Edwards loophole which allows individuals who own and run an S-Corporation to game the system and avoid paying payroll taxes by claiming some income as business profits.
As nonpartisan tax economist Bill Gale and colleagues recently wrote, “At the federal level, there is virtually no evidence that broad-based tax cuts have had a positive effect on growth. … That has been amply demonstrated at the national level, where tax cuts have eroded revenue without a discernable effect on economic activity.”
originally posted by: luthier
a reply to: MRinder
Right...in which state under which regulation and which president?
How many people does it take to work those cases? Which school programs are allowed for grants? Who decides? How much does it cost to employ deciders and make the rules for who qualifies?
originally posted by: MRinder
originally posted by: luthier
a reply to: MRinder
Right...in which state under which regulation and which president?
How many people does it take to work those cases? Which school programs are allowed for grants? Who decides? How much does it cost to employ deciders and make the rules for who qualifies?
Did your google break?
originally posted by: MRinder
a reply to: darkbake
I believe the math comes out to $25,855 for each of the 140.9 million taxpayers to raise 3.643 billion in tax revenue.
and the math to raise 3.72 trillion dollars from 140.9 million taxpayers would be around $26,000 per tax payer per year.
I hope this helps clear it up for you.
originally posted by: Xcalibur254
a reply to: Bloodworth
Yeah because wanting everyone to have access to healthcare and higher education are clearly signs these people don't care for their fellow citizens.