Federal Income Tax Reform Proposal - Effect on Californians (mortgage broker, credit score)

[bad debt]

Originally Posted by Tulemutt

Good questions, fairly asked.

First off, 2sleepy’s response and mine are “different” snapshots of the same system. You appear to interpret/extrapolate that I proposed UBI include forcing people into housing and care. I don’t. No need. Not constitutionally supported.

You also framed UBI as “the dole”. It’s not welfare “dole” at all. It is, as Yang pointed out, a “dividend”. ALL citizens over 18 receive it ... one the same as another regardless of wealth or other income. Our system remains capitalist - but where capitalism starts at $1,000 monthly equally.

Eh whatever. If you want to call it a Freedom Dividend or an Uncle Sam Check or the dole, I don't really care. It's all semantics. I understand that it's not welfare in the sense that every citizen gets it no matter income, ethnicity, relgion etc. Which I think if something like this IS passed, we really would need to get pretty strict on who qualifies for citizenship.

And yes I'm quite aware that we would still be a capitalist country. Alaska already does this with the Alaska Permanent Fund and has sent checks out to residents since 1976. It is very popular.

Originally Posted by Tulemutt

The point of UBI isn’t to get people to take responsibility for their decisions. It is to allow a base point for survival from which everyone can do whatever they will (legally). Legislating “responsibility” requires defining and mandating outside the philosophical lines of free societies ..
And outside the boundaries of our constitutional freedoms.

Sure. I guess what I was getting at is that one of the most positive outcomes from UBI is that it empowers people to spend the money as they see fee instead of having to jump through hoops to get handouts. When you do that then people will always try to game the system to get more or do as little as possible while still freeloading. This should teach people how to be more responsible for their own well being if the state won't step in.

Originally Posted by Tulemutt

So, coming back around to 2sleepy’s snapshot: people who blow their money ‘irresponsibly’ are free to do so ... and left to figure out how to make it through to their next check. Many will. Just as they do now.

Those who don’t can come in for assistance to survive - or not. The cost of assistance? .... Control of their UBI check. Minimalist sheltering (according to need and circumstances); porridge, bread and water level food assistance; appropriate counseling; survival-level medical care and supervision ... all available on a voluntary acceptance basis. These services structured on a “Housing First” model. (If you are not familiar with the Housing First concepts and extraordinary success rates it is easily looked up under that name.)

OK so that makes sense. My question then would be what if the dividend (initially $1,000/mo) doesn't cover all of the costs of housing/food/medical services/etc? I guess we just suck it up? If it gets out of control this would be a major problem. Also, where would these facilities be located? There's no way we could build them in every small town, it would be absolutely cost prohibitive. On the other hand, if they're built in CBD of metro areas the rent would be astronomical. Assisted living / Skilled nursing is not cheap.

Originally Posted by Tulemutt

The only “forceable” cases would fall in the same tough categories as we have today:
1. Court defined severe mental illness that poses extreme and imminent risk of harm to self / others
2. Blatantly illegal acts.

What if someone is a felon? Do they still qualify for the dividend? In Alaska it gets suspended.

However, an individual is not eligible for a PFD for a dividend year when:
(1) during the qualifying year, the individual was sentenced as a result of conviction in this state of a felony;
(2) during all or part of the qualifying year, the individual was incarcerated as a result of the conviction in this state of a
(A) felony; or
(B) misdemeanor if the individual has been convicted of
(i) a prior felony as defined in AS 11.81.900 ; or
(ii) two or more prior misdemeanors as defined in AS 11.81.900


What are your thoughts on that?

[Bolanders]

Originally Posted by Vic Romano

So you take advantage of working in CA, but complain about them...

Not sure how I am taking advantage. They call and if I have availability I go. Whoever calls first is where I go. IF I didn't go to CA I would go somewhere else.

[Tulemutt]

Originally Posted by Bolanders

Not sure how I am taking advantage. They call and if I have availability I go. Whoever calls first is where I go. IF I didn't go to CA I would go somewhere else.

Let me ask you for a direct answer: are you saying you are an MD? Physician?

[Bolanders]

Originally Posted by Tulemutt

Let me ask you for a direct answer: are you saying you are an MD? Physician?

Neither. I do very specialized work in the medical field. Surgical procedures is part of that. There isn't enough money in being a doctor for the hours they have to work now and training they have to go through

[Tulemutt]

Originally Posted by Bolanders

Neither. I do very specialized work in the medical field. Surgical procedures is part of that. There isn't enough money in being a doctor for the hours they have to work now and training they have to go through

Got it. You’re not a doctor. You just played one on the internet for a while once.

Lol

[2sleepy]

Originally Posted by Bolanders

If the SS fund stopped taking money today from people it would not be able to cover the benefits of people who no longer work and put money in when they were working. The only reason it still functions today is that workers today put enough in to cover expenses of what the fund pays out.

Well that's just common sense isn't it? But guess what, if your car or life insurance company quit selling policies and collecting premiums they wouldn't be able to pay future claims either, or do you think they have a special account set up just for your claims i.e. "Bolander's claim account" and they freeze that money so that you will be sure to get it. Remember the collapse of the mortgage re-insurers that kicked off the recession, that was one heck of a Ponzi scheme.

That's how pensions and insurance work- but that does not make them "Ponzi schemes" A ponzi scheme is created with the intent of defrauding. I'll give you a far better example of a ponzi scheme than Social Security. Trump's tax plan, give billions to corporations and the very wealthy and then the government goes into debt, and at some point ends up stealing money from people who didn't get squat from the tax plan in order to keep the government running. Since that scheme was set up knowing that the rich would be rewarded at the expense of the poor, that is a ponzi scheme.

[Bolanders]

Originally Posted by Tulemutt

Got it. You’re not a doctor. You just played one on the internet for a while once.

Lol

Never. Never have I once said I am a doctor. Why would I have the desire to be a doctor? My pay for a surgical procedure far exceeds what a doctor gets.

[Bolanders]

Originally Posted by 2sleepy

Well that's just common sense isn't it? But guess what, if your car or life insurance company quit selling policies and collecting premiums they wouldn't be able to pay future claims either, or do you think they have a special account set up just for your claims i.e. "Bolander's claim account" and they freeze that money so that you will be sure to get it. Remember the collapse of the mortgage re-insurers that kicked off the recession, that was one heck of a Ponzi scheme.

That's how pensions and insurance work- but that does not make them "Ponzi schemes" A ponzi scheme is created with the intent of defrauding. I'll give you a far better example of a ponzi scheme than Social Security. Trump's tax plan, give billions to corporations and the very wealthy and then the government goes into debt, and at some point ends up stealing money from people who didn't get squat from the tax plan in order to keep the government running. Since that scheme was set up knowing that the rich would be rewarded at the expense of the poor, that is a ponzi scheme.

LOL. You have no clue how pensions and insurance companies work.

https://www.investopedia.com/terms/c/claims-reserve.asp

Sorry but you have no credibility when it comes to any financial conversation. Stick to thinking mortgages are based on net income. Know your limits.

Insurance companies literally have special accounts set up for claims.

"A claims reserve is the money set aside by insurance companies to pay policyholders who have filed or are expected to file legitimate claims on their policies. Insurers use the fund to pay out incurred claims that have yet to be settled. The claims reserve is also known as the balance sheet reserve."

https://www.iii.org/publications/ins...nce-accounting


"Property/casualty insurers have three types of reserve funds: unearned premium reserves, or pre-claims liability; loss and loss adjustment reserves, or post claims liability; and other."

https://www.rmf.hr/default.aspx?id=674


What does the pension company do with my money?
The pension company invests assets of the pension fund with the goal of increasing the value of the assets of the pension fund in order to ensure payment of the pension payments to the pension fund members.
Assets of the pension fund are invested according to the investment policy, in accordance with the legal provisions. The Mandatory Pension Funds Act stipulates very clearly and concretely how the pension funds can be invested, as well as the structure according to the type of the assets, states and regions, foreign currencies, economic sectors and other. You can check on the structure of the investments of each Raiffeisen pension fund at link na: mandatory retirement savings.


Literally put into a special fund that hopefully grows but that has legal requirements, etc.

And no taxes are not a Ponzi scheme. Just a ridiculous statement.

[Tulemutt]

Originally Posted by Bolanders

Never. Never have I once said I am a doctor. Why would I have the desire to be a doctor? My pay for a surgical procedure far exceeds what a doctor gets.

Didn’t say you said you were a doctor. Said you “played one” ... scroll back and read your posts. It’s called supporting vague inference. Too funny. But then, doubtful any readers actually bought the ploy.

[Bolanders]

Originally Posted by Tulemutt

Didn’t say you said you were a doctor. Said you “played one” ... scroll back and read your posts. It’s called supporting vague inference. Too funny. But then, doubtful any readers actually bought the ploy.

No I never even said or inferred I played one. I simply said I had a surgical procedure to do. If you inferred that it is on you. As I pointed out before one would have to be licensed to be a doctor. I work with nurses, doctors, MAs, specialists, etc across the world. I specialize in 2 very specific diseases. When certain specifics are diagnosed I am brought in. Nothing more nothing less. As long as the checks keep clearing I am good. If that changes then so will I.