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There's been a lot of discussion of Universal Basic Income. One version of UBI that's been floated is the concept of a National Dividend. The idea is to tax a small percentage of the economy, perhaps with a VAT and a wealth tax as well, and use it to fund a National Dividend that pays a lump sum to every adult. That dividend could be tied to GDP growth: in good years you get a dividend check, in bad years, none. This would mean the entire population would have "skin in the game." We would all have an interest in the health of the US economy.
I am a right-of-center capitalist, and I like this idea. But you do have to first "fix" immigration (aka citizenship) in order to offer this National Dividend.
The more goodies we tie to citizenship (which does appear to be the direction/ leanings of our up-and-coming political class), the more important is it to clearly define who is and how does one become a US citizen.
I am a right-of-center capitalist, and I like this idea. But you do have to first "fix" immigration (aka citizenship) in order to offer this National Dividend.
The more goodies we tie to citizenship (which does appear to be the direction/ leanings of our up-and-coming political class), the more important is it to clearly define who is and how does one become a US citizen.
Not all billionaires are hoarding their riches. Some of them have always shared a lot of it, established charitable foundations or donated to worthy causes. George Soros and Warren Buffet come to mind. Bill Gates has made arrangements to disperse most of his wealth, during or following his life. Even Phil Knight has been investing a lot of his money in projects at our university.
Just because the billionaire who gets the most news coverage, has abused his position and skimmed money for himself out of his bogus charitable foundation, doesn't mean we should paint all the others with the same brush.
I do agree that our society would be better, if wealth was not concentrated in the hands of so few.
I've been avoiding this because of the ridiculous title but it seems to hang on so I decided to peek in. Can't go much further than page one.
I just got my taxes done, something I dreaded with all the negative hype. I was very pleasantly surprised! My tax lady said it's been going that was. Everyone is surprised.
I've been avoiding this because of the ridiculous title but it seems to hang on so I decided to peek in. Can't go much further than page one.
I just got my taxes done, something I dreaded with all the negative hype. I was very pleasantly surprised! My tax lady said it's been going that was. Everyone is surprised.
My wife and I are getting ours done next Friday. Not sure how it's going to go as my wife has her own business and she netted a fair amount, plus our combined income was about $40-50k higher than last year. Hoping to be pleasantly surprised as well but not counting on it.
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