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A basic income could boost the US economy by $2.5 trillion

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Re: A basic income could boost the US economy by $2.5 trillion

#161

Earlier quoted context omitted.

Of course. But nobody is doing hit and runs so they can make a living.

They don't do the hit to make a living, but they might commit the run to continue doing so.

Sure, but that has nothing to do with making a living or basic income so I fail to see the point of discussing that particular crime.

When I said "Crime is caused more by envy", I was not making an absolute statement about all kinds of crime.

Re: A basic income could boost the US economy by $2.5 trillion

#162

Earlier quoted context omitted.

Wouldn't the most logical thing be for people to reinvest their BI in the illegal drug trade? It's not like there isn't precedent for that kind of thing happening elsewhere: "And some projects aimed at reducing poaching by alleviating poverty have backfired, said Duffy. For example, one program in Ghana was intended to decrease poaching by paying a premium on crops, on the theory that hunter-poachers would focus inst…

Would that be bad? ChuckMcM was arguing that BI would allow someone to worry less about where they would sleep and when they would eat. That they use their money to get more money should be good. Your opposition seems to be based on implied immorality of drugs.

My opposition is to funding both the DEA et al. and the dealers.

Re: A basic income could boost the US economy by $2.5 trillion

#163

Earlier quoted context omitted.

Some good points. So what would you estimate and how?

Assume you give $1000/mo to all people below the poverty line as a replacement for all current social safety net programs (including ETC and SNAP and Social Security, but not or Medicare, Medicaid, CHIP). There are currently 43.1 million Americans living in poverty. But, keep in mind many Americans are only above the poverty line because of government assistance. According to the link I gave, without any government a…

Social security is its own beast, but tapping into those funds would add about 850 billion more.

So maybe a better name for it would be Guaranteed Minimum Income, that way it takes employed people out of the pool.

And yes you could call it welfare. It would also replace the unemployment income system, another source of expenses.

Re: A basic income could boost the US economy by $2.5 trillion

#164

Earlier quoted context omitted.

Some good points. So what would you estimate and how?

Assume you give $1000/mo to all people below the poverty line as a replacement for all current social safety net programs (including ETC and SNAP and Social Security, but not or Medicare, Medicaid, CHIP). There are currently 43.1 million Americans living in poverty. But, keep in mind many Americans are only above the poverty line because of government assistance. According to the link I gave, without any government a…

The tapered income tax idea has value.

https://www.vox.com/policy-and-politics/2017/5/30/15712160/b...

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