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Thread: Basic Income

  1. #41
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by bajisima View Post
    That actually depends. The limits are very narrow for qualifying for Medicaid. So that $500 might mean they no longer would qualify for Medicaid or other lower income assistance such as free school lunch and housing assistance. Other countries have single payer healthcare and dont have income requirements for healthcare. Here in the US its a huge deal. Going from $10 and hour to $14 might mean paying a lot more a month for a health plan or your child getting lunch assistance.
    well, that all depends on what income is counted against you depending on the rules used. some income is not counted, some income is counted.
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  2. #42
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by bonehead View Post
    well, that all depends on what income is counted against you depending on the rules used. some income is not counted, some income is counted.
    Yes and it gets confusing and the guidelines are strange. Our friend got a raise of $2 an hour and that took both of her kids off reduced lunch. They felt that tiny bit of extra money was sufficient enough that she could pay full price. Her healthcare premium also was adjusted up $40 a month. So it can be a give or take. Income limits are pretty firm. When they say you can only make $452.17 a week to qualify they mean it.

  3. #43
    Member fenrir's Avatar
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    Quote Originally Posted by excalibur View Post
    BTW The basic income must apply ONLY to the citizens, and the number of years to become a citizen should be increased from 5-years to 10-years.
    Isn't happening now, won't happen in the future. The wealthy need cheap labor and the Democratic Party leadership needs their votes.

    Cashing in: Illegal immigrants get $1,261 more welfare than American families, $5,692 vs. $4,431

  4. #44
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by bonehead View Post
    well, that all depends on what income is counted against you depending on the rules used. some income is not counted, some income is counted.
    This is why we need one Health care for all. Medicare has a 3% over head, and for all the hysteria I was informed by my company that after 3 years they had adjusted and would be offering more benefits. They have each year.

    With what is happening now,who knows?

  5. #45
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by fenrir View Post
    Isn't happening now, won't happen in the future. The wealthy need cheap labor and the Democratic Party leadership needs their votes.

    Cashing in: Illegal immigrants get $1,261 more welfare than American families, $5,692 vs. $4,431
    I asked specifically at the beginning to discuss basic income. Your post has nothing to do with that. Can’t you guys ever post without a hate rant?

  6. #46
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    Quote Originally Posted by MaryAnne View Post
    This is why we need one Health care for all. Medicare has a 3% over head, and for all the hysteria I was informed by my company that after 3 years they had adjusted and would be offering more benefits. They have each year.

    With what is happening now,who knows?
    Medicare for all was looked at in California and Vermont, un-affordable both place. At the national level we would need $2 trillion in new federal taxes to pay for it.

  7. #47
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Libertine View Post
    Medicare for all was looked at in California and Vermont, un-affordable both place. At the national level we would need $2 trillion in new federal taxes to pay for it.
    Yes and Vermont struggled with that because they didnt have enough workers that would be paying in. With automation coming, do we tax robots?

  8. #48
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    Quote Originally Posted by bajisima View Post
    Yes and it gets confusing and the guidelines are strange. Our friend got a raise of $2 an hour and that took both of her kids off reduced lunch. They felt that tiny bit of extra money was sufficient enough that she could pay full price. Her healthcare premium also was adjusted up $40 a month. So it can be a give or take. Income limits are pretty firm. When they say you can only make $452.17 a week to qualify they mean it.
    Kind of a trumpian thing to do. Trumps chauffeur claims Donald gave him a raise, and took away his health insurance.
    Thanks from bajisima

  9. #49
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by labrea View Post
    Kind of a trumpian thing to do. Trumps chauffeur claims Donald gave him a raise, and took away his health insurance.
    Its happened since forever though. Income limits are hard and rarely adjusted for cost of living etc. Some havent been changed for over a decade.
    Thanks from labrea

  10. #50
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    Quote Originally Posted by bajisima View Post
    One of the biggest cons for a basic income or Medicare for All is we need a vibrant young population to support the older, sicker citizens.
    I think this is assumption (that "we need the young to support the old") has been carried forward continuously from 50-100 years ago when old, sick seniors were poor.



    In the coming 10-20 years, we are going to need 1) rich old people to support themselves (by consuming some of their amassed wealth, if needed) and 2) we're going to need rich old people to help support poor old people, as well as poor young people.

    This "support" can be thought of as pretty indirect though, especially in the context of a basic income, because the federal government does not need to tax dollar-for-dollar from someone in order to pay the basic income. This gets pretty deep into modern monetary theory, under which the assumption is that taxation becomes a function of suppressing inflation and preventing excess consumption of resources.

    There used to be something like 9 working people for every retiree but now its down to 2 or 3 and predicted to get worse. Thats a problem.
    It's only a problem because we insist on protecting programs that were designed to help old people under the assumption that old people are generally poor, even though old people aren't poor anymore, by and large. When you don't adjust your priorities and strategies after the problems they were intended to solve drastically change, yeah that's a problem.

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