- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Universal income discussion
Posted on 5/30/23 at 10:35 am to Warfarer
Posted on 5/30/23 at 10:35 am to Warfarer
quote:
I think SS is only a ponzi scheme because the government puts their dirty little hands on it. I have paid in 150k over the last 32 years, I started paying when I was 12. How much of a Ponzi scheme is it when I won’t even get what I paid in, much less, with any type of allowance for compounding interest.
It's a Ponzi scheme in the sense that the original recipients paid nothing, and each subsequent generation of employed Americans is paying for the current retirees with no real guarantee that they'll get back what they were originally promised.
It might not be completely fraudulent but I'm sure there's plenty of fraud going on with that money too.
quote:
A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
0
Posted on 5/30/23 at 10:40 am to AwgustaDawg
Universal income won’t work because people that are unwilling or unable to manage money wisely will still be blowing all the money they’re given. The problem doesn’t get fixed, but probably gets exacerbated, to the benefit of those selling crack, slim Jim’s, and giant car rims.
I would be in favor of having a consumption tax and doing away with federal income tax. With a consumption tax lots of drug money gets taxed, international travelers will pay additional into the system when they visit the US, and those with unreported income end up paying into the system.
If you manage your expenses well, you could come out paying less into the system.
I would be in favor of having a consumption tax and doing away with federal income tax. With a consumption tax lots of drug money gets taxed, international travelers will pay additional into the system when they visit the US, and those with unreported income end up paying into the system.
If you manage your expenses well, you could come out paying less into the system.
This post was edited on 5/30/23 at 10:43 am
Posted on 5/30/23 at 10:42 am to SquatchDawg
quote:
Whoever came up with this doesn’t understand the basics of supply and demand or monetary inflation.
Communists.
They hate market forces and believe they can overcome them with central planning which means we will all be dirt poor and dependent on government for a raise.
Posted on 5/30/23 at 10:46 am to AwgustaDawg
quote:
We have had universal basic income in this country since at least the 1940s
Wrong. Public infrastructure paid by taxes is not UI by any known definition.
You are describing things that are completely different than UI. I may or may not agree with them, and many of them are wastes of money and should not be paid for by the government, but that's a different discussion.
Posted on 5/30/23 at 10:48 am to Mike da Tigah
quote:
Why not hoist a hammer and sickle and exclaim the benefits of following the luciferian beliefs of Karl Marx himself?
What a perverse generation that even considers this sickness. You don’t know what you’re doing. There is no way back from this, I hope you know that. You will forever be their servants. They will control your ability to live your life through economics, your food, your movement, and you will have no other choice than to obey, even if you loathe every bit of it. It won’t matter because you are in the trap.
Agreed. It's idiotic. But probably half the population is already getting it.
Posted on 5/30/23 at 10:48 am to AwgustaDawg
quote:
We have had universal basic income in this country since at least the 1940s
I see you have no clue what UBI actually means. Par for the course with you.
This post was edited on 5/30/23 at 10:49 am
Posted on 5/30/23 at 10:49 am to AwgustaDawg
quote:
We have had universal basic income in this country since at least the 1940s and almost all Americans have benefitted to some degree.
I must have missed my check in the mail every month for the last forever.
I don't know if I should even read your post after you lead with that
Posted on 5/30/23 at 10:54 am to Bjorn Cyborg
I guess I am missing something.
If we give everyone the exact same amount, all bank accounts that have zero now have 20k, all that had 7k now have 27k, all that had 36k now have 56k, what are we getting but a reset of the status quo just with fanciful higher numbers?
If we give everyone the exact same amount, all bank accounts that have zero now have 20k, all that had 7k now have 27k, all that had 36k now have 56k, what are we getting but a reset of the status quo just with fanciful higher numbers?
Posted on 5/30/23 at 10:54 am to RogerTheShrubber
quote:
I see you have no clue what UBI actually means. Par for the course with you.
I think a lot of people think that the government will be able to give them some sort of middle-class lifestyle without them having to work. The only UBI plan I can ever remember seeing on paper was Andrew Yang's. And it was to give everyone 1k per month but to also revoke food stamps and other forms of welfare.
Posted on 5/30/23 at 10:56 am to Bjorn Cyborg
quote:
And under my scenario, they will die.
Not a chance. Unless you establish a dictatorship with oppression the extent of North Korea, you will still have democracy and you will have enormous pressure to save people's lives, even losers lives. Especially when it threatens kids becoming orphans.
Please live in reality world.
Posted on 5/30/23 at 11:00 am to Bjorn Cyborg
quote:
No other person should be able to get your UI, so either you don't get it, or the government gets it.
If I am an 8 year old kid and my dad is a fireman who gets killed fighting a fire (not due to incompetence or anything, hey firefighters die), shouldn't I get his UI until I am 18 or 21 or something?
Posted on 5/30/23 at 11:01 am to Eurocat
quote:
, shouldn't I get his UI until I am 18 or 21 or something?
nyet comrade, that's not how any of this works
Posted on 5/30/23 at 11:02 am to fallguy_1978
quote:
I think a lot of people think that the government will be able to give them some sort of middle-class lifestyle without them having to work.
This is exactly what they believe. In reality, they'll be on enhanced welfare totally dependent on the small check they get from government every month.
If they wanted welfare, Medicaid and food stamps they could be doing that now.
Posted on 5/30/23 at 11:04 am to Bjorn Cyborg
If you give everyone something its the same as giving everyone nothing.
Posted on 5/30/23 at 11:05 am to 777Tiger
quote:
thought part of the proposal was that the handouts would stop, this is what you are guaranteed and anything you make on top of that is gravy?
Correct. Your comment was about giving hoodrats $25,000. My comment was that they were probably already getting that much, or more.
Posted on 5/30/23 at 11:08 am to Grinder
quote:
I would be in favor of having a consumption tax and doing away with federal income tax. With a consumption tax lots of drug money gets taxed, international travelers will pay additional into the system when they visit the US, and those with unreported income end up paying into the system
95% of the country pays less than its "fair share" in taxes. NINETY FIVE PERCENT would have the consumption tax be a HUGE tax INCREASE!
Posted on 5/30/23 at 11:13 am to Warfarer
quote:
I think SS is only a ponzi scheme because the government puts their dirty little hands on it. I have paid in 150k over the last 32 years, I started paying when I was 12. How much of a Ponzi scheme is it when I won’t even get what I paid in, much less, with any type of allowance for compounding interest.
Try being a state employee. Since the State of Louisiana does not participate in the Social Security program, its employees get penalized in their Social Security returns regardless of whether they have their 40 quarters in SS or not.
Here's how ridiculous that is:
Let's say from age 20-40 someone works full time in the private sector, meaning they more than have my 40 quarters in to qualify for Social Security when they hit retirement age. Now let's say they commit a crime which puts them in jail until they hit 62 (the minimum age to draw SS). When they get out, they'll receive the full amount they are entitled to.
Now let's say that instead of going to jail for 22 years they go to work for the State of Lousiana. When they hit 62 (if they retire at that point), they no longer get the full benefits from SS. Instead, they take a severe cut (somewhere from 25%-50%, if memory serves).
In both cases they are not paying into the system for 22 years, so it's not an issue of no longer paying in. It's an issue of the federal government trying to pressure the State into joining in on its scheme.
Posted on 5/30/23 at 11:14 am to Bjorn Cyborg
The guy who came up with the idea of UBI was a communist Louisiana governor/senator who was responsible for building Tiger Stadium and writing many of LSU's songs.
Before Andrew Yang's 2020 campaign, I had only heard of the UBI as a historic relic from the 1930s, and had no idea that anybody seriously supported the idea in the third millenium.
Before Andrew Yang's 2020 campaign, I had only heard of the UBI as a historic relic from the 1930s, and had no idea that anybody seriously supported the idea in the third millenium.
This post was edited on 5/30/23 at 11:19 am
Posted on 5/30/23 at 11:15 am to Eurocat
quote:
Not a chance. Unless you establish a dictatorship with oppression the extent of North Korea, you will still have democracy and you will have enormous pressure to save people's lives, even losers lives. Especially when it threatens kids becoming orphans.
Please live in reality world.
I agree. I said in the original post this would never happen, and thus it would not work. But for it to work, it HAS to happen. Universal Income means everyone gets the same. If someone gets more because they are on drugs, or just bad with money, then it won't work.
Posted on 5/30/23 at 11:16 am to Eurocat
quote:
If I am an 8 year old kid and my dad is a fireman who gets killed fighting a fire (not due to incompetence or anything, hey firefighters die), shouldn't I get his UI until I am 18 or 21 or something?
No.
Page 4 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News