Debates Forum

Debates Forum

  1. SubscriberTom Wolsey
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    18 Jul '18 19:231 edit
    A new hot topic for Democrats is the proposed "Global Basic Income" which is a minimum amount of free money (no strings attached, no taxes) given to everyone in the world.

    BILLIONAIRE Socialist Richard Branson thinks it's a great idea, at least for the USA. I bet he would change his tune if it were HIS billions being given out to every American.

    'Billionaire Richard Branson: America should give out free cash to fix income inequality'

    https://www.cnbc.com/2018/07/02/virgin-groups-richard-branson-on-universal-basic-income.html
  2. SubscriberWOLFE63
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    18 Jul '18 19:33
    Originally posted by @tom-wolsey
    A new hot topic for Democrats is the proposed "Global Basic Income" which is a minimum amount of free money (no strings attached, no taxes) given to everyone in the world.

    BILLIONAIRE Socialist Richard Branson thinks it's a great idea, at least for the USA. I bet he would change his tune if it was HIS billions being given out to every American.

    [ ...[text shortened]...

    https://www.cnbc.com/2018/07/02/virgin-groups-richard-branson-on-universal-basic-income.html
    A bit Polyannish. But, on its surface, seems like a great idea.

    Except the possible inflation.

    I'm guessing that Branson's a pretty smart guy: So, I'd take a few shekels from him. 🙂
  3. SubscriberTom Wolsey
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    18 Jul '18 19:34
    Originally posted by @wolfe63
    A bit Polyannish. But, on its surface, seems like a great idea.

    Except the possible inflation.

    I'm guessing that Branson's a pretty smart guy: So, I'd take a few shekels from him. 🙂
    Oh yeah. I'd take his shekels.
  4. Germany
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    18 Jul '18 19:41
    Originally posted by @tom-wolsey
    A new hot topic for Democrats is the proposed "Global Basic Income" which is a minimum amount of free money (no strings attached, no taxes) given to everyone in the world.

    BILLIONAIRE Socialist Richard Branson thinks it's a great idea, at least for the USA. I bet he would change his tune if it were HIS billions being given out to every American.

    ...[text shortened]...

    https://www.cnbc.com/2018/07/02/virgin-groups-richard-branson-on-universal-basic-income.html
    Really? You found this - a controversial proposal even among the smelliest of Europe's hippies - in the Democratic election manifesto? Or in what sense is it a "hot topic" for the Democrats?
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    18 Jul '18 20:08
    Originally posted by @wolfe63
    A bit Polyannish. But, on its surface, seems like a great idea.

    Except the possible inflation.

    I'm guessing that Branson's a pretty smart guy: So, I'd take a few shekels from him. 🙂
    Inflation? Just outlaw inflation and print money like there is no tomorrow, which there probably won't be once they embrace this.

    Let me guess, the UN will run this.
  6. Germany
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    18 Jul '18 20:14
    Originally posted by @whodey
    Inflation? Just outlaw inflation and print money like there is no tomorrow, which there probably won't be once they embrace this.

    Let me guess, the UN will run this.
    Actually, there are plenty of places where a minimum income already exists, although it does not come automatically (you have to apply, and can come with a requirement to seek jobs for example). In the Netherlands it is called bestaansminimum (existence minimum), an income you (normally) cannot get below. It is around $1000 a month.
  7. SubscriberTom Wolsey
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    18 Jul '18 20:161 edit
    Originally posted by @kazetnagorra
    Really? You found this - a controversial proposal even among the smelliest of Europe's hippies - in the Democratic election manifesto? Or in what sense is it a "hot topic" for the Democrats?
    How about I heard Obama propose the idea YESTERDAY. What. Your underground radical left wing news feed didn't tell you about it?

    https://freebeacon.com/issues/obama-floats-support-universal-basic-income/

    edit: Bernie Sanders is also a fan. You need to catch up.
  8. Standard membersh76
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    18 Jul '18 20:19
    Originally posted by @tom-wolsey
    A new hot topic for Democrats is the proposed "Global Basic Income" which is a minimum amount of free money (no strings attached, no taxes) given to everyone in the world.

    BILLIONAIRE Socialist Richard Branson thinks it's a great idea, at least for the USA. I bet he would change his tune if it were HIS billions being given out to every American.

    ...[text shortened]...

    https://www.cnbc.com/2018/07/02/virgin-groups-richard-branson-on-universal-basic-income.html
    Wait. "Global"? Or within the country?

    Surely you don't mean to suggest that the US government should give every person in the world money, do you?
  9. Germany
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    18 Jul '18 20:19
    Originally posted by @tom-wolsey
    How about I heard Obama propose the idea YESTERDAY. What. Your underground radical left wing news feed didn't tell you about it?

    https://freebeacon.com/issues/obama-floats-support-universal-basic-income/

    edit: Bernie Sanders is also a fan. You need to catch up.
    So everything Obama mentions once is a "hot topic" for Democrats?

    Man, basketball is really a hot topic for Democrats!
  10. SubscriberTom Wolsey
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    18 Jul '18 20:20
    Originally posted by @sh76
    Wait. "Global"? Or within the country?

    Surely you don't mean to suggest that the US government should give every person in the world money, do you?
    Branson wants it done in the USA. Obama wants it done globally.
  11. SubscriberTom Wolsey
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    18 Jul '18 20:221 edit
    Originally posted by @kazetnagorra
    So everything Obama mentions once is a "hot topic" for Democrats?

    Man, basketball is really a hot topic for Democrats!
    You're digging yourself deeper. Chicago, run by Democrats and a monstrous city by any standard, is already proposing doing it.

    'Chicago could soon become the biggest US city to trial a universal basic income'
    http://www.businessinsider.com/chicago-considering-trial-for-universal-basic-income-2018-7
  12. SubscriberTom Wolsey
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    18 Jul '18 20:251 edit
    'More Americans now support a universal basic income'
    - Forty-eight percent of Americans support a universal basic income.
    - Longtime advocates say we're closer than ever to adopting the program.

    https://www.cnbc.com/2018/02/26/roughly-half-of-americans-now-support-universal-basic-income.html

    48%. That's almost exactly the percentage of Hillary voters. Yes, I'd say it qualifies as a hot topic.
  13. Germany
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    18 Jul '18 20:33
    Originally posted by @tom-wolsey
    You're digging yourself deeper. Chicago, run by Democrats and a monstrous city by any standard, is already proposing doing it.

    [b]'Chicago could soon become the biggest US city to trial a universal basic income'

    http://www.businessinsider.com/chicago-considering-trial-for-universal-basic-income-2018-7[/b]
    Wow, Chicago, could, maybe, consider perhaps running a trial, if the stars align. Shocking!

    Hey, don't get me wrong, a basic income is a great idea and can make the welfare state much more efficient by cutting down on useless bureaucracy. But Trump will successfully solve a differential equation before there is any large-scale implementation of a basic income in the U.S.
  14. Subscriberno1marauder
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    18 Jul '18 21:181 edit
    Originally posted by @tom-wolsey
    A new hot topic for Democrats is the proposed "Global Basic Income" which is a minimum amount of free money (no strings attached, no taxes) given to everyone in the world.

    BILLIONAIRE Socialist Richard Branson thinks it's a great idea, at least for the USA. I bet he would change his tune if it were HIS billions being given out to every American.

    ...[text shortened]...

    https://www.cnbc.com/2018/07/02/virgin-groups-richard-branson-on-universal-basic-income.html
    It would probably save money, given the huge bureaucracy we now maintain to harass those on public assistance and other programs.

    It could be considered a "conservative" idea to reduce government; Milton Friedman once endorsed it:


    The idea isn’t new. As Frum notes, Friederich Hayek endorsed it. In 1962, the libertarian economist Milton Friedman advocated a minimum guaranteed income via a “negative income tax.” In 1967, Martin Luther King Jr. said, “The solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.” Richard Nixon unsuccessfully tried to pass a version of Friedman’s plan a few years later, and his Democratic opponent in the 1972 presidential election, George McGovern, also suggested a guaranteed annual income.

    More recently, in a 2006 book, conservative intellectual Charles Murray proposed eliminating all welfare transfer programs, including Social Security and Medicare, and substituting an annual $10,000 cash grant to everyone 21 years and older. The Alaska Permanent Fund, funded by investments from state oil revenues, sends annual dividend checks to the state’s residents. Switzerland is voting on an unconditional basic income later this year. (Though the fundamental basic-income guarantee involves an unconditional grant to every citizen, no matter their wealth or age, other versions wouldn’t cut checks to those in top tax brackets or those receiving Social Security.)

    Apart from lifting millions out of poverty, the plans promote efficiency and a shrinking of the federal bureaucracy. No more “79 means-tested programs.” Creating a single point of access would also make many recipients’ lives easier. If they knew they had something to fall back on, workers could negotiate better wages and conditions, or go back to school, or quit a low-paying job to care for a child or aging relative. And with an unconditional basic income, workers wouldn’t have to worry about how making more money might lead to the loss of crucial benefits. In the Financial Times, Martin Wolf has contemplated a guaranteed income’s ability to help society adjust to the disappearance of low-skill, low-wage jobs.

    https://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/
  15. Standard membersh76
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    18 Jul '18 22:45
    Originally posted by @no1marauder
    It would probably save money, given the huge bureaucracy we now maintain to harass those on public assistance and other programs.

    It could be considered a "conservative" idea to reduce government; Milton Friedman once endorsed it:


    The idea isn’t new. As Frum notes, Friederich Hayek endorsed it. In 1962, the libertarian economist Milton Friedman ...[text shortened]... tic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/
    $10,000 wouldn't be nearly enough to offset social programs that poor families routinely have access to. Poor families have often have access to Medicaid, Section 8, food stamps and other programs, every one of which may exceed that amount in value.

    You'd either have to remove the age 21 restriction or maintain social programs like Medicaid even with a UBI.
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