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quit working so I could become as dumb as Democrats as my high tech skills would no longer pay off :/
Im already comfortable with plenty of savings and could retire now.
Id continue to tweak and develop open source software though.
https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?
A: There was approximately $1.67 trillion in circulation as of June 27, 2018, of which $1.62 trillion was in Federal Reserve notes. (Dollar bills)
1.62 T divided by 327 million Americans = $4,954.12 per capita
- - -
The joke is that money does not create surplus goods and services. A world of billionaires who don't bother to work, sweat, mine, farm, transport, and sell those surplus goods and services, will quickly collapse.
Have you considered the steep tax rate climb that would be necessary to pay for such nonsense?
You would likely be behind the curve.
It's only "free" money to socialists and other such lower life forms.
Quote:
Originally Posted by Toyman at Jewel Lake
What's the point though? Your taxes will be raised so high to fund UBI that you won't bring home enough to pay for anything anyway.
I was being flip but, really, I’d be screwed either way. I either keep working and accept the expected tax increase, or quit, lose our home and fall right back into the poverty it took nearly 2 decades to claw out of, because UBI would be a drop in the bucket. That’ll show ‘em.
Best case scenario is my UBI check will cover the tax increase, do if at least break even.
Last edited by Ginge McFantaPants; 09-17-2018 at 04:42 AM..
First, this would never happen here, and if it does, it won't include most (if any) of us. They might call it universal to start out, but in the end, I doubt everyone would get it.
Second, I'm laughing at the folks who talk about how they'd retire because that plus their social security would allow them to retire, or they're already retired and the extra money would allow them to do things they cannot do now.
What makes you think you'd be able to get both if, by some miracle, it did pass? The rules would probably be you're eligible for the larger amount, but cannot have both.
It's galling that we pay into SS our entire working life but our payout is reduced if we work and make a certain amount of money.
The government just doesn't want people as comfortable as our politicians are, so while this is a pipe dream, the notion that retired people could get both is a bigger pipe dream, I think.
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