Re:We Need a Basic Income Guarantee
by whiddershins on Sunday September 01, 2013 @03:41PM
(#6311799)
this
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* The people who successfully make money have a larger portion of it taken away by the government and given to people who don't make money. They recoup their losses by raising prices and re-extracting it from the people it has been given to, except now the government gets a cut of it twice. BI has to be increased to keep pace with rising prices caused by funding BI.
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is rather muddled.
1) FWIW Basic income would be distributed to everyone.
2) What you are describing is the current system, people who make more money are taxed more, and that money is distributed to various things, including giving money to poor people.
3) The phrase "they recoup their losses" has nothing to do with how the market functions right now. Companies set their prices based on a variety of factors, and generally try to be as profitable as they can. The taxation rate of individuals does not directly modulate that. For example, if the CEO of Walmart or Mattel had a marginal tax rate of 99% this would not directly change the price of a Barbie doll.
>>> * The people who successfully make money have a larger portion of it taken away by the government and given to people who don't make money. They recoup their losses by raising prices and re-extracting it from the people it has been given to, except now the government gets a cut of it twice. BI has to be increased to keep pace with rising prices caused by funding BI. >>>
is rather muddled.
1) FWIW Basic income would be distributed to everyone.
2) What you are describing is the current system, people who make more money are taxed more, and that money is distributed to various things, including giving money to poor people.
3) The phrase "they recoup their losses" has nothing to do with how the market functions right now. Companies set their prices based on a variety of factors, and generally try to be as profitable as they can. The taxation rate of individuals does not directly modulate that. For example, if the CEO of Walmart or Mattel had a marginal tax rate of 99% this would not directly change the price of a Barbie doll.