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re: PoliBoard: Teach me why a flat tax is bad.
Posted on 6/20/17 at 1:47 pm to HeyHeyHogsAllTheWay
Posted on 6/20/17 at 1:47 pm to HeyHeyHogsAllTheWay
quote:
Then institute a universal basic income.
Even a modest $10,000 per person puts that budget line at $3 trillion. Just your UBI. Most SS recipients get more than that - up to 2.5 or 3.5 times as much, so they're not going to go for it.
Just getting to $15k and you're starting to flirt with 4 1/2, 5 billion (with a "B") for your UBI.
SO - how are you going to pay for that with your wealth and sales tax?
Posted on 6/20/17 at 2:00 pm to Ace Midnight
quote:
ven a modest $10,000 per person puts that budget line at $3 trillion. Just your UBI. Most SS recipients get more than that - up to 2.5 or 3.5 times as much, so they're not going to go for it.
Just getting to $15k and you're starting to flirt with 4 1/2, 5 billion (with a "B") for your UBI.
SO - how are you going to pay for that with your wealth and sales tax?
I should have clarified. I'm for a partial universal basic income, simply making sure that each qualified American has an income of at least $2K a month, if you already earn that much or more, you get nothing.
so for example, say you have a family of 4 with 2 working parents earning $160K a year. That family gets nada. They don't need it.
The most recent stats I've seen would suggest that 45M Americans would qualify , except that around 4 million of those are in jail or prison at any given time and thus would not qualify, so let's say 40M Americans would receive $2K a month or $24K a year or $960B a year for partial universal basic income. Roughly
Unless you would argue that a person who makes $50K a year should also get the $24K a year. True it's not strictly fair to not give them the same, but I don't believe fairness is the goal of welfare. I believe keeping people from dying on the street is.
Posted on 6/20/17 at 2:04 pm to HeyHeyHogsAllTheWay
quote:
HeyHeyHogsAllTheWay
Let me show you how your plan will turn out:
1. Anyone on the margin of the UBI won't bother working. Is making $5k a year more than the UBI worth it at that level?
2. Politicians will increase the UBI to buy votes. More people from the margins quit working.
Rinse and Repeat.
This post was edited on 6/20/17 at 2:05 pm
Posted on 6/20/17 at 2:07 pm to HeyHeyHogsAllTheWay
quote:
I'm for a partial universal basic income, simply making sure that each qualified American has an income of at least $2K a month
I don't think you're using proper terms (IMHO) - your "universal" is just more class warfare Marxism. There will be no incentive to work up to $24,000 per annum.
quote:
They don't need it.
So, we're DEEP in the manifesto, now? Got it.
quote:
so let's say 40M Americans would receive $2K a month or $24K a year or $960B a year for partial universal basic income. Roughly
Except for all the folks who are bringing in $24k, $25k, $26k - and they're going to quit, go to the house and get their free $24k a year, too.
Now, I understand the concept and I applaud your efforts to work it out - but as it is - the total benefit package for some of these families is $50k, $60k, $80k - when you factor in housing, food, child care, medicine, medical cards, utility assistance, straight up cash - your $2k per person per month just isn't going to do it, IMHO.
quote:
Unless you would argue that a person who makes $50K a year should also get the $24K a year.
Well, you do that if you want to call it "universal" - and take a step away from Marxism. You also do that if you want people to work.
Posted on 6/20/17 at 2:29 pm to Ace Midnight
We no longer need american labor. Asians r us.
Africans await their turn when Asians unionize.
Africans await their turn when Asians unionize.
Posted on 6/20/17 at 2:38 pm to Ace Midnight
quote:
There will be no incentive to work up to $24,000 per annum.
quote:
Except for all the folks who are bringing in $24k, $25k, $26k - and they're going to quit, go to the house and get their free $24k a year, too.
Correct, which means now we can do away with minimum wage laws because companies will be forced to pay $30-35K a year for workers.
As for those who would choose to stay home. I respond with so what, that has the added benefit of lowering unemployment. Let me use my SIL as an example, she earns $36K a year . MY brother right around $80. They have 2 kids. The Partial universal says that a family of four should make $96K a year. So , if my SIL quit her job and stayed home with her kids they would receive $96K - my brother's $80K income or $16K a year. Which results in a $20K pay cut overall in their family income. My Brother and SIL would take that cut to have my SIL home with her small children.
What does that result in besides my niece and nephew having their mommy home with them? Why it results in a $36K a year job opening up for someone else to take. Potentially, probably , taking THAT person off the partial universal basic income rolls.
The system I envision is a complete paradigm shift, but given the rapid changes in our employment needs in this country, we need to think outside the box.
Posted on 6/20/17 at 2:40 pm to HeyHeyHogsAllTheWay
quote:
The system I envision is a complete paradigm shift, but given the rapid changes in our employment needs in this country, we need to think outside the box.
Your system doesn't account for politicians buying votes.
Posted on 6/20/17 at 2:40 pm to CelticDog
quote:
We no longer need american labor.
While this may be true for bulk manufacturing - it is dangerous to make a blanket statement that dozens of millions of working age folks are useless.
If they're useless (I don't think they are, but for argument's sake), then all we're going to do with universal income is subsidize uselessness. And we can't both say all these folks are useless, yet import third world folks to do the work these "useless" folks refuse to do and cannot be done from Asia, remotely.
Of course the drones are coming - perhaps within a generation, but until then it is a bad practice to just slide into sloth. Hunger is the great motivator - the great metaphorical "whip" to keep humans moving forward. Without it, we're doomed as a species.
We'll stop evolving and be supplanted by something that IS driven to improve.
Posted on 6/20/17 at 2:45 pm to HeyHeyHogsAllTheWay
quote:
Why it results in a $36K a year job opening up for someone else to take.
Except those folks are going to be busy making babies to get that family income up to $96k for absolutely zero return of labor, contribution, etc.
quote:
The system I envision is a complete paradigm shift, but given the rapid changes in our employment needs in this country, we need to think outside the box.
For frick's sake, man. Let's find them something they can do, rather than send them all home to the sofa. I guess we're of different generations. You ever heard the expression "idle hands are the devil's playthings"? You're going to have that x1000 with your system (in my humble opinion, of course).
Posted on 6/20/17 at 2:48 pm to Ace Midnight
quote:
Except those folks are going to be busy making babies to get that family income up to $96k for absolutely zero return of labor, contribution, etc.
I guess you missed where I said qualifying? Two kids per adult, after that, no new money.
Posted on 6/20/17 at 2:50 pm to HeyHeyHogsAllTheWay
quote:
I guess you missed where I said qualifying? Two kids per adult, after that, no new money.
That changes with the first election.
Posted on 6/20/17 at 2:55 pm to HeyHeyHogsAllTheWay
quote:
Two kids per adult, after that, no new money.
So, 2 adults, 4 kids, $144k per year?
Or is $96k for a family of four (or larger) your cap?
What I'm saying is - your $36k job is insufficient incentive for me to get off arse if my family is making $96k. I know your motivation is to try to think ahead to a "post work" economy, but your plan will only hasten, not soften it. Inflation will be through the rough with this plan. Not only will everyone be fairly flush - they won't have anything to do all day except shop and drink coffee.
I know that is some sort of woman/millennial fantasy, but it isn't real life, at least not yet.
So, your $2000 per month per person will go up sharply with inflation, again, IMHO.
Posted on 6/20/17 at 3:27 pm to 50_Tiger
National Flat Sales Tax and VAT.
Posted on 6/20/17 at 7:15 pm to 50_Tiger
quote:
PoliBoard: Teach me why a flat tax is bad.
Not that it's bad, it's just never going to happen. Ever, ever, ever.
Frankly, how would it stop corruption and wasteful spending. People in Louisiana won't even allow education and roads to be paid for with an exclusive tax. It's sounds great in theory, but when you actually expect people to be okay with a use tax, good luck with that.
Posted on 6/20/17 at 7:29 pm to 50_Tiger
I favor a fiat tax, but not at the 10-15% rate the libertarians recommend.
How about a rate of 30-35%? That would be sufficient to cover the necessary government investments in America, and would be pretty much in line with the taxation levels in much of the developed world.
How about a rate of 30-35%? That would be sufficient to cover the necessary government investments in America, and would be pretty much in line with the taxation levels in much of the developed world.
Posted on 6/20/17 at 7:29 pm to DisplacedBuckeye
quote:
Is the ability to pay for stuff with $225,000 really any different than the $250,000?
Don't care. You're trying to justify the disparity in taxation between the two by using emotion.
Person B is already taxed $22,500 more than Person A in your scenario, and you want them taxed more for no other reason than being more successful. The only reasoning you can come up with is "but they'll literally be homeless and starve" if they have to contribute proportionally.
It's insanity. Next, you'll tell us how they'll literally die in the streets due to lack of health insurance if we don't subsidize it.
Sometimes you actually have a decent take on a particular discussion, this is one of those times.
Posted on 6/20/17 at 7:32 pm to HeyHeyHogsAllTheWay
quote:
I should have clarified. I'm for a partial universal basic income, simply making sure that each qualified American has an income of at least $2K a month, if you already earn that much or more, you get nothing.
frick
that
even if you cut out all welfare programs (including SS/Medicare), frick. that.
Posted on 6/20/17 at 7:35 pm to tarzana
quote:
How about a rate of 30-35%? That would be sufficient to cover the necessary government investments in America, and would be pretty much in line with the taxation levels in much of the developed world.
wouldn't this lead to an insanely higher tax collection?
This post was edited on 6/20/17 at 7:36 pm
Posted on 6/20/17 at 7:38 pm to SlowFlowPro
Did you know we currently have a $20 trillion active budget deficit? I think we need substantially more revenue collection to balance the budget
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