161–170 of 182 posts
Earlier quoted context omitted.
What's the control for this, though? We're talking about a conjecture that there is a non-specific, undetectable condition affecting millions of people to the point that they are unable to work. Who pays for UBI if anyone can claim it?
The basic idea of UBI is that everyone claims it. That's why it's universal!
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The basic idea of UBI is that everyone claims it. That's why it's universal!
I clarified the "claim" elsewhere in this thread, but since this position is on the table now: I have no qualms helping to provide for people who need providing. So let's just suppose we do that with UBI. Now, UBI needs to be funded by someone. If you are funding UBI, what is the purpose of giving you back that money?
This is why UBI efforts will ultimately fail—they both fundamentally oppose crucial aspects of the concept for completely different reasons.
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If children also get UBI then most likely yes. Same UBI for everyone to keep things cheap and simple.
Need more cash, have more babies! What could go wrong?
Their societies might get younger instead of trending towards inverted population pyramid?
Oh, the horror.
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It just tought us that introducing UBI needs to go hand in hand with measures to prevent capturing of this money by landlords. Personally I'd like to see progressive real estate tax introduced. The more property you own, the higher percentage of its value you need to pay each year as a tax.
This would be disastrous. We already have a housing shortage, leading to high prices. The answer isn't to make it more expensive than it already is.
Though, personally I'm more in favor of a land value tax, I think op is on the right path. Having the tax pegged to factors like average wage / rent of an area would help landlords keep it in check, though.
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Including actual weakness of muscles?
I'm not sure how that's unreasonable. Depressed people tend to lounge or lay around in bed all day, tired, sad, feeling helpless. I can days or weeks causing muscle atrophy (maybe not a ton) but enough that when actually move you feel sore. Perhaps they've stopped going to the gym. Some people tend to under eat while depressed which can lead to no energy and your muscles not getting adequate nutrients which could cau…
Long Covid is different. covid --> weak muscles. Also, it is more acute.
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Progressive property tax. The more property you own, the higher percentage of its value you pay every year as a tax.
(Well, HN has put the brakes on a totally civil engagement, so I need to reply here instead of where it belongs.) OK, I see where you're going with that. The part I object to is really just an implementation detail. It's not cheaper to give him money and pay him back because 1) that's work that someone has to do, and more importantly 2) the reason you need to know if he should not be getting it is because you need to…
To give UBI you just need to know if the guy has pulse and what is his chosen bank account. You can delegate both of those tasks to banks. Heck, you can delegate paying the guy to banks as well. They can just credit his account out of a thin air, the way they currently do when they give loans. You can destroy equivalent amount of money that you gathered from tax to keep things in balance.
The tax on the other hand is completely different job. Because you need to find out what properties this guy has (directly and through subsidiaries) and how much are they worth on the market and set up account for him to pay and inform him about how much he needs to pay and confiscate his assetes if he doesn't pay. That's much more work but it can bring vast amounts of money and improve our insane system of real estate where hoarding is not only cheap but even profitable.
Regarding old folks. Tax on a single or even two or three properties should be zero. You might even get a tax credit if you own just single property that would help you with your mortgage. However for more properties it should raise significantly. Maybe if you have 1000 properties tax should cost you at least few of them each year.
Technical note about replying to a post. I think reply link is not visible for a while after creating a post. Last time I had ttouble with this I just waited a bit and it showed up.
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Just so I understand...two stimmy checks are to blame for inflation and product shortages? I know this is a popular talking point, but there needs to be some facts to back this up. Supply chains were wrecked by shipping container shortages due to bottlenecking at ports as well as factory shutdowns. There are proven instances where businesses increased prices just because they could.
At the start of the pandemic, between March 29 and July 25 2020, everyone claiming unemployment benefits got an extra $600/week on top of their normal payment. Later between December 27 2020, and September 4 2021, everyone was paid an extra $300/week for 9 months. For reference, the maximum unemployment benefit previously was $450/week. This is all on top of the checks, of which there were 3. Assuming you claimed une…
Earlier quoted context omitted.
(Well, HN has put the brakes on a totally civil engagement, so I need to reply here instead of where it belongs.) OK, I see where you're going with that. The part I object to is really just an implementation detail. It's not cheaper to give him money and pay him back because 1) that's work that someone has to do, and more importantly 2) the reason you need to know if he should not be getting it is because you need to…
It's completely separate jobs. To give UBI you just need to know if the guy has pulse and what is his chosen bank account. You can delegate both of those tasks to banks. Heck, you can delegate paying the guy to banks as well. They can just credit his account out of a thin air, the way they currently do when they give loans. You can destroy equivalent amount of money that you gathered from tax to keep things in balanc…
It's the depth/flamewar metric.
> you need to find out what properties this guy has...and inform him about how much he needs to pay
Right. You need to do this. So, at this point, you know whether or not he needs the original benefit.
Earlier quoted context omitted.
It just tought us that introducing UBI needs to go hand in hand with measures to prevent capturing of this money by landlords. Personally I'd like to see progressive real estate tax introduced. The more property you own, the higher percentage of its value you need to pay each year as a tax.
This would be disastrous. We already have a housing shortage, leading to high prices. The answer isn't to make it more expensive than it already is.
There might be secondary effects as well. Like dropping prices of properties might make land for new developments cheaper.
Earlier quoted context omitted.
This would be disastrous. We already have a housing shortage, leading to high prices. The answer isn't to make it more expensive than it already is.
Pretty sure op means to gradually increase taxes the more properties someone owns, to the point it's hardly profitable to have 100 rental properties, when you make the same with 70, because of taxes, so you can sell these and the rise in supply will lower costs to purchase a home, etc. Though, personally I'm more in favor of a land value tax, I think op is on the right path. Having the tax pegged to factors like aver…
This tax could also be starting not from 0% but from negative value owners of a single small property might get tax credit that could help them with their mortgage in the environment of dropping property prices. For larger families with larger single properties UBI could help.
As for land value I'd like to treat the land as just another property and include its value into the total value that the tax rate is based on. I wouldn't pay attention too much about local wages. I think that information influences property values that the tax rate should be based on.