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A lot of novices could easily get in way over their head and have no way of paying back the debt. Simply having an idea and a plan is not sufficient. You have to know what you're doing and have the right human resources, and get a customer base quickly enough.
I absolutely think it is a bad idea and would end up putting people into crushing loads of debt.
Just like you see people with liberal arts degrees making 30k a year with 100k in student loan debt, you'd have the same problem - people with small businesses barely making enough to cover the bills being crushed by their $100k in (your last name) Program loan debt.
Easy solution to this- no personal guaranty.
The business fails, the loan fails. The banks can afford it.
communism is when everyone is paid the same, no matter the job. There would still be rich people in op's system. they could still buy their fancy cars, expensive boats and big houses they seem to like so much.
When are people going to understand communism has been brought into the US by degrees????? It would be too obvious if they did it all at once.
"We cannot expect Americans to jump from capitalism to Communism, but we can assist their elected leaders in giving Americans small doses of socialism until they suddenly awake to find they have Communism". - Nikita Khrushchev
I agree the problem is not having enough jobs then people available but automation is gonna make the worse. It also matter what kind of jobs these people get creating more low paying jobs that require government help is not a solution.So what do you want to do with the extra people?
Give them a gauranteed income(welfare) and call it a day.
Might as well do it. It would go a long way towards
solving the poverty issue in this world.
Give them a guaranteed income (welfare) and call it a day.
That's less than half of the problem.
Not creating another generation of surplus has to be the first objective.
Once that is understood as the goal THEN you can explore means to provide
for the human needs of that surplus unable/unwilling to be productive...
and how to achieve it in a way that the other 60-70% of us can afford to commit to.
That's less than half of the problem.
Not creating another generation of surplus has to be the first objective.
Once that is understood as the goal THEN you can explore means to provide
for the human needs of that surplus unable/unwilling to be productive...
and how to achieve it in a way that the other 60-70% of us can afford to commit to.
Guaranteed minimum income (GMI) also called Citizen's Income, is a system[1] of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions.
Your solution to poverty wouldn't work, there will always be people that do not want to do there fair share, regardless if it benefits them in the long run. Drug addicts are the first that come to mind. I for one would have a problem with my tax dollars supporting someone that just want to sit around and get high all day.
Your solution to poverty wouldn't work, there will always be people that do not want to do there fair share, regardless if it benefits them in the long run. Drug addicts are the first that come to mind. I for one would have a problem with my tax dollars supporting someone that just want to sit around and get high all day.
That has nothing to do with work.
Poverty could be cured tomorrow. We are just too busy trying to impose morality on citizens who already don't have food to eat.
Incentive structure has to be in place to prevent surplus.
Correct. Said another way... NOT rewarding poor choices.
Quote:
Middle class wage erosion is helping
It is? What is it helping?
btw, The middle isn't where the actual problem is.
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