2021 Mar 5, 12:54pm
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@zzyzzx .. Since it doesn't seem like we are getting away from the federal reserve inflating away our currency, a direct refund of 10% of federal spending divided evenly among each citizen over the age of say 14 (I think this is age you can get first work permit) seems like it could combat this effect of inflation on the general population.at 4.4 trillion, this would be $440 billion per year refunded to each citizen. That would be about $1200 per year I think. Again, this would need to be coupled to the elimination of the income tax.
@rin, I pointed out that if the income tax goes away, you could tax wages paid. This means executives can give a big paycheck, but the company still pays the tax on it.
So this would be akin to Alaska's dividend fund?
Under Capital Homesteading, every child born today could gain by age 65:• $460,000 in tax-sheltered assets.• $46,000 in annual after-tax income.• $1.6 million in dividends during that period.
The only tax should be on land values (including radio spectrum, which is a kind of land).
Again, tax imports enough so that there is no deficit. No deficit, no printing money. No printing money no inflation.
fund where all the gas tax receipts go for upkeep on the roads.
People in West Virginia paying a LVT at a rate five times higher than the folks in Connecticut
Amdt14.S2.1.1 Apportionment ClauseFourteenth Amendment, Section 2:Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice-President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.
Understanding the 16th AmendmentTo counteract the defeat, the government drafted the 16th Amendment, which states, "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."4 The amendment was ratified in 1913, clearing the legal hurdles to an income tax.
Kinda creepy that the Federal Reserve and US income tax came in the same year.
Why would they be paying a different rate?
I don't see what the apportionment clause has to do with it:
But states could still have Georgism.
Last time was in Stockton CA, but this one is in Chelsea MA at $400 per mo. City Data says Chelsea MA is ~68% hispanic, and low income.
because people will act differently when they know the UBI is temporary, especially when the payments are too small to replace a job, and especially during this covid era where people struggle to find low skill jobs more than usual
Lot of dumbass 23 year olds are now 'reporting' and all that means is taking what people say at face value and getting it published before the deadline. Anything that requires actual critical thinking and research so that they can be at least familiar to wtf UBI or any other policy actually is off the table.
You can see the degradation of the news in the bad spelling, bad grammar, and bad reasoning. It's kind of depressing. They used to have editors to check those things.
Worse than you think. One reason for so many grammar errors in the print news is the offshoring of the writing to places where English is not the main language.
So the idea is that if you “level the playing field” by giving everyone the amount of money equal to the minimum needed for food and shelter then everyone will have food and shelter.Sounds logical on the surface. But the devil is in the details.1. First of all where does the money come from that they are “giving” away to everyone?2. When you give one person $30,000 the effect on the economy is negligible, when you give everyone $30,000 prices go up as supply becomes a limiting factor. So the extra money does not benefit the benefactors, rather it creates even more wealth for those who already are wealthy. UBI therefore guarantees increased wealth disparity.3. If by magic prices could be controlled, the UBI would still create a class of people dependent on the free money and unwilling to work to produce goods or provide services. The UBI system would collapse under its own weight as the workers would quickly be outnumbered by takers to the point where the availab...
The UBI system would collapse under its own weight as the workers would quickly be outnumbered by takers to the point where the availability of goods and services would dry up completely except for the Uber wealthy who could still afford to pay exorbitant prices for what they want and need.
against mandatory income taxes
One reason for so many grammar errors in the print news is the offshoring of the writing to places where English is not the main language
[UBI] Sounds logical on the surface. But the devil is in the details.
HeadSet saysOne reason for so many grammar errors in the print news is the offshoring of the writing to places where English is not the main languageYeah, the United States!
PeopleUnited says[UBI] Sounds logical on the surface. But the devil is in the details.We're now an open-borders non-country, so:5. Cannot afford UBI for 1 billion or more extra people.
One reason for so many grammar errors in the print news is the offshoring of the writing to places where English is not the main language.
But it’s the birthright of all foreign born persons to suckle off the American teat!
I'm astonished that 2 working adults cannot make more than $150k combined. Maybe I'm naive, but I really can't comprehend how if you're over 35-60, that you can't pull in $150k combined.
A family of four, married filing jointly, making under $150k is going to get $5,600. Just given to them. Read an article where 89% of the population will get full stimulus payments, while a small fraction of that 89% will get a reduced amount capping at $160k. This is so fucked. Because of the flu? I'm astonished that 2 working adults cannot make more than $150k combined. Maybe I'm naive, but I really can't comprehend how if you're over 35-60, that you can't pull in $150k combined. Only 11% of the population does that? And yes I know some people own businesses and have lower income but can theoretically make more. But for a family making $100k they're going to get 5.6% of their annual income just handed to them tax free. That's insane.
I'm astonished that 2 working adults cannot make more than $150k combined.
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