BerettaGuy
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Why universal basic income is gaining support, critics
I am all for this if it eliminates Welfare - Food Stamps - Obama Phones unemployment.
The people on Welfare now will take a huge cut in income. Boy will they scream.
but here is why it will never happen.
I suggest we all re-watch Dr Zhivago. It explains the communist utopia with pictures.
I am all for this if it eliminates Welfare - Food Stamps - Obama Phones unemployment.
In exchange, each American older than 21 would get a monthly payment totaling $13,000 a year, of which $3,000 would go to health insurance. After $30,000 in earned income, a graduated tax would “reimburse” some of the grant until it dropped to $6,500 at $60,000 in income. However, the grant would never drop below $6,500 to compensate for the loss of Social Security and Medicare.
The people on Welfare now will take a huge cut in income. Boy will they scream.
Basic income has fans across the political spectrum, but for very different reasons. Libertarian backers would replace all or most welfare programs with a monthly cash payment as a way to prevent poverty, reduce government bureaucracy and let people decide for themselves how to use the money.
but here is why it will never happen.
By contrast, “those left of center like the idea of using (basic income) as a supplement to the existing safety net,” said Natalie Foster, co-chairwoman of the Economic Security Project, a two-year fund devoted to researching and promoting the idea of unconditional cash.
In a “utopian version,” the money would “sit alongside existing programs” and go to every man, woman and child, Foster said. But if you made it enough to keep people above poverty — $1,000 a month is a popular number — “it starts to add up to a very significant portion of the GDP,” Foster said.
I suggest we all re-watch Dr Zhivago. It explains the communist utopia with pictures.