About 3.5 trillion if I remember my math right. It would consume something like 70-80% of the federal budget depending on how much it amounted to.
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by Washington Resistance Army » Sat Apr 20, 2019 8:53 am
by South Odreria » Sat Apr 20, 2019 9:41 am
Washington Resistance Army wrote:Luna Amore wrote:Not really. It doesn't cover basic needs. Alaska does what, $2,000 a person? The poverty line for a single person is around $12,000. Giving just poverty levels to every American would be trillions.
It would consume something like 70-80% of the federal budget depending on how much it amounted to.
by Zurkerx » Sat Apr 20, 2019 11:07 am
Washington Resistance Army wrote:Luna Amore wrote:Not really. It doesn't cover basic needs. Alaska does what, $2,000 a person? The poverty line for a single person is around $12,000. Giving just poverty levels to every American would be trillions.
About 3.5 trillion if I remember my math right. It would consume something like 70-80% of the federal budget depending on how much it amounted to.
by Kowani » Sat Apr 20, 2019 11:28 am
Zurkerx wrote:Washington Resistance Army wrote:
About 3.5 trillion if I remember my math right. It would consume something like 70-80% of the federal budget depending on how much it amounted to.
For $1,000 dollars a month per Yang's plan? Let's see, that's $12,000 a years and I rounded for the US Population to be 325 million (it's 327.2 million). In all, it's 3.9 trillion dollars a year; 39 trillion over ten years. That's almost double the entire US Budget. Even if you eliminate all social programs (which a UBI would replace), it's still a massive amount of money to raise.
by Telconi » Sat Apr 20, 2019 11:30 am
Kowani wrote:Zurkerx wrote:
For $1,000 dollars a month per Yang's plan? Let's see, that's $12,000 a years and I rounded for the US Population to be 325 million (it's 327.2 million). In all, it's 3.9 trillion dollars a year; 39 trillion over ten years. That's almost double the entire US Budget. Even if you eliminate all social programs (which a UBI would replace), it's still a massive amount of money to raise.
Did any of Yang’s new taxes get factored into this cost analysis?
by Hakons » Sat Apr 20, 2019 11:31 am
Kowani wrote:Zurkerx wrote:
For $1,000 dollars a month per Yang's plan? Let's see, that's $12,000 a years and I rounded for the US Population to be 325 million (it's 327.2 million). In all, it's 3.9 trillion dollars a year; 39 trillion over ten years. That's almost double the entire US Budget. Even if you eliminate all social programs (which a UBI would replace), it's still a massive amount of money to raise.
Did any of Yang’s new taxes get factored into this cost analysis?
by Kowani » Sat Apr 20, 2019 11:32 am
by Ifreann » Sat Apr 20, 2019 11:33 am
by Telconi » Sat Apr 20, 2019 11:33 am
by Washington Resistance Army » Sat Apr 20, 2019 11:35 am
by Kowani » Sat Apr 20, 2019 11:38 am
by Genivaria » Sat Apr 20, 2019 11:39 am
by Thuzbekistan » Sat Apr 20, 2019 11:41 am
by Hakons » Sat Apr 20, 2019 11:52 am
Kowani wrote:Hakons wrote:
Yes, fund universal basic income by taxing everyone's income by the amount required to fund what is being transferred to their incomes?
https://www.yang2020.com/what-is-ubi/
Read the “How to pay for it” section.
by Telconi » Sat Apr 20, 2019 12:00 pm
Hakons wrote:
It starts with explaining how everything is going to be taxed at 10%. Corporations will eat some of the the cost, but a lot of it will be kicked back to the consumer in higher prices. My extra income is going to be funded by decreasing my purchasing power.
Oh, and VATs disproportionately harm lower-income brackets, because it is effectively a consumption tax.
"Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%."
As much as I want to pay a tithe to the Holy Federal Government on everything I purchase, this is still an absurd proposal. UBI is welfare revisited, just a very, very crappy form of welfare. Welfare systems are largely successful because they give help to the people that need it and make sure that the people receiving it follow certain criteria so the government knows the program is being beneficial to society. UBI gives the majority of the welfare to the people that don't need it and doesn't have any requirements in place for recipients to insure that the policy is even beneficial to society.
by Kowani » Sat Apr 20, 2019 12:01 pm
Hakons wrote:
It starts with explaining how everything is going to be taxed at 10%. Corporations will eat some of the the cost, but a lot of it will be kicked back to the consumer in higher prices. My extra income is going to be funded by decreasing my purchasing power.
Oh, and VATs disproportionately harm lower-income brackets, because it is effectively a consumption tax.
"Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%."
As much as I want to pay a tithe to the Holy Federal Government on everything I purchase, this is still an absurd proposal. UBI is welfare revisited, just a very, very crappy form of welfare. Welfare systems are largely successful because they give help to the people that need it and make sure that the people receiving it follow certain criteria so the government knows the program is being beneficial to society. UBI gives the majority of the welfare to the people that don't need it and doesn't have any requirements in place for recipients to insure that the policy is even beneficial to society.
by Hakons » Sat Apr 20, 2019 12:04 pm
Kowani wrote:Hakons wrote:
It starts with explaining how everything is going to be taxed at 10%. Corporations will eat some of the the cost, but a lot of it will be kicked back to the consumer in higher prices. My extra income is going to be funded by decreasing my purchasing power.
Oh, and VATs disproportionately harm lower-income brackets, because it is effectively a consumption tax.
"Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%."
As much as I want to pay a tithe to the Holy Federal Government on everything I purchase, this is still an absurd proposal. UBI is welfare revisited, just a very, very crappy form of welfare. Welfare systems are largely successful because they give help to the people that need it and make sure that the people receiving it follow certain criteria so the government knows the program is being beneficial to society. UBI gives the majority of the welfare to the people that don't need it and doesn't have any requirements in place for recipients to insure that the policy is even beneficial to society.
Nope.
by Thuzbekistan » Sat Apr 20, 2019 12:04 pm
by Hakons » Sat Apr 20, 2019 12:07 pm
by Thuzbekistan » Sat Apr 20, 2019 12:12 pm
by Republic of Penguinian Astronautia » Sat Apr 20, 2019 3:13 pm
by Hediacrana » Sat Apr 20, 2019 8:24 pm
by Nazi Basurian Empire » Sat Apr 20, 2019 8:41 pm
by Ifreann » Sat Apr 20, 2019 9:09 pm
Nazi Basurian Empire wrote:face it only yangbucks can mobilize fellah US population today
by Shrillland » Sat Apr 20, 2019 9:20 pm
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