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The few jobs left though? I think we are a generation or two away still from seeing a sustained unemployment rate do to automation and efficiency that would hover around 20%.
All of our ancestors came here from somewhere else seeking a better life.
If people cannot add enough value (that is, earn a living) to afford NYC or SF, they should move to somewhere with a lower cost of living such as maybe Arkansas or Oklahoma.
If they are incapable of adding value in the USA, perhaps they should follow their ancestor's example and emigrate to, say, China or Rwanda or Sierra Leone or Papua New Guinea or Tuvalu.
And, of course, there are many who by their own choice refuse to add value. They make a choice to sit on a couch and do nothing, subsisting on government handouts, rather than lift a finger to add value. These people don't need a government handout -- they need a suitcase and a one-way ticket to anywhere else on Earth.
Yeah except they all relied on other people to succeed the pilgrims did not just come over to this country and go off and make their own way they lived together working together to benefit all of them. Sure you can move to a place with lower cost of living but you do know those places are where lower paying jobs are. My ancestors never moved to any of those places. So what if there are people who do nothing they are a small group of people. You seem to care a lot about people who you have never met or do not affect you life. Feel sorry that you feel so hateful towards people most be a hard life.
For those wondering how to pay for it
Cut Military budget
Cut welfare, food stamps, Section 8 Housing Disability, TANF
Cut Medicare and Medicaid.
Stop the war on drugs
Install taxes like a land value tax, flat tax, carbon tax, wealth tax or or financial transaction tax
Only give to people over 18 and make less $100,000 a year.
For those wondering how to pay for it
Cut Military budget
Cut welfare, food stamps, Section 8 Housing Disability, TANF
Cut Medicare and Medicaid.
Stop the war on drugs
Install taxes like a land value tax, flat tax, carbon tax, wealth tax or or financial transaction tax
Only give to people over 18 and make less $100,000 a year.
Sweet. So that means people with a net worth of 1 million can retire on dividends and basic income?
Gotcha. To answer your question, yes. One can retire any time he wants on a hypothetical properly executed basic income, no?
But does a Millionaire need basic income? Seems like milking the system. Also that means a person who lives month to month but makes 250k would be screwed
But does a Millionaire need basic income? Seems like milking the system. Also that means a person who lives month to month but makes 250k would be screwed
Part of the "proper execution" would be a progressive tax system to pay for the UBI, resulting in a net loss for the millionaire. Ideally, this tax structure would also prevent any cliffs from moving up tax brackets, keeping the financial incentive to raise your income.
Why would he be screwed? He'd likely suffer a net loss, too. But he'd still be relatively wealthy. And if he loses his job or his business, his income drops, and he's rescued by the UBI safety net just like the rest of us! Just like the millionaire. Or the billionaire, or the quadrillionaire. Great falls from the top have happened before. I don't see how the month to month is relevant. If he can afford it, great. If he can't, or he wants to make more money, he can reduce his cost of living. I would guess he has a lot of room to do so. What's the problem exactly?
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