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Thread: Basic Income

  1. #81
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    Quote Originally Posted by MaryAnne View Post
    Something that Richard Nixon suggested.

    Could we have a sensible discussion on the Pros and Cons? How could it be set up?

    Several Countries are already doing this. Not like Welfare where people are ashamed or greedy to stay on it.

    What about one Health care for all? Insurance companies would share, but it would be equal. We have a lot of that for older people. why not all?
    "Basic income" is such a fucking joke. But it makes sense if you don't understand human nature and aren't good at math I guess.
    Thanks from orangecat

  2. #82
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by labrea View Post
    Too bad it isnt spread equally across that demographic.
    This article says different.

    This age group controls the most wealth in the U.S.

  3. #83
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by Otto Throttle View Post
    "Basic income" is such a fucking joke. But it makes sense if you don't understand human nature and aren't good at math I guess.
    Of course you have nothing useful to post. Typical grumpy, I got mine. Thanks for your input.

  4. #84
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    Quote Originally Posted by Babba View Post
    Which is why we should be welcoming immigrants and refugees. Especially refugees from the ME since their populations are much younger.
    Rather than bringing foreigners into the country, we could have free dating services to help single people get married and have kids. We can grow our younger generation from within. And young people....stop being so picky.

  5. #85
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    Quote Originally Posted by BigLeRoy View Post
    Quite the reverse, actually. It is YOU, of course, who wants to move the goal posts back to start the clock at the beginning of 2007, instead of in June of 2008, as I was doing. This way, you get to count ALL the truly MASSIVE JOB LOSSES of the Bush/Cheney/Greenspan Recession as somehow being Obama's 'fault', as you are very fond of doing. Do it your way, and yes, over that ten year period, from January 2007 to January 2017, we did not create enough new jobs for the growth of the working age population. But, as I showed you, from June 2008 to June 2018, we most certainly did. Shrug.

    What you really just demonstrated here, and I thank you for it, was just how monumental an event that Great Recession truly was. It was not for nothing that Alan Greenspan called it "a once-in-a-century event". That's something you've never understood. I wonder if this new way of looking at the data might help you to do that. But probably not.
    It is true of the entire 21st century, not enough jobs have been created to cover the increase in the number of working age people.

  6. #86
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    Quote Originally Posted by MaryAnne View Post
    Of course you have nothing useful to post. Typical grumpy, I got mine. Thanks for your input.
    I'd be glad to explain WHY it's such a fucking joke if you don't intuitively understand on your own. First, it rewards layaboutism so guess what you get: more layabouts. Second, a ridiculous amount of money would be required to support the layabouts and it has to come from somewhere. The productive and therefore taxable slice of society would be diminishing as more people were lured by the ease and security of collecting a check for doing nothing, so tax rates would have to perpetually increase on a shrinking sector. Third, the general productivity and therefore the general wealth of society would decrease. Fewer goods and services would be offered, fewer could afford them, and the whole mess implodes into general misery and squalor. Fourth, the whole theory is based on a presumption that corporations will depend on AI and mechanization, displacing workers, and therefore requiring a "basic income" subsidy for all the unemployed, but proponents don't want to wait for that to actually happen; they want the free money now, and they assume the corporations will provide it through taxes. But with corporations as the only productive and therefore taxable entities remaining, who do you think will end up controlling everything anyway?
    If you need an example of where price controls and subsidies have destroyed a society look into Venezuela. I think the ultimate result would be about the same.

  7. #87
    Veteran Member Southern Dad's Avatar
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    This basic income would eliminate ALL welfare?
    Thanks from orangecat

  8. #88
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    Quote Originally Posted by Babba View Post
    Which is why we should be welcoming immigrants and refugees. Especially refugees from the ME since their populations are much younger.
    Ms. Babba,

    So true, and they blow up so fast....
    Thanks from orangecat

  9. #89
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Babba View Post
    Which is why we should be welcoming immigrants and refugees. Especially refugees from the ME since their populations are much younger.
    We do welcome immigrants. We don't welcome ILLEGALS.
    Thanks from orangecat

  10. #90
    #walkaway orangecat's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Ms. Babba,

    So true, and they blow up so fast....
    Well played!
    Thanks from Kallie Knoetze

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