Re:It Is Time For Basic Income
by thehenster on Saturday March 22, 2014 @03:54AM
(#7448214)
It’s the redistribution that you’re missing.
300M * $20k does equal $6 trillion but it is returned to the tax payer who stumped up the $6 trillion.
The 50M who aren’t contributing tax represent an actual cost of $1 trillion. The remaining $5 trillion is redistributed.
250M people contribute $20k. 300M people receive $16.6k.
300M * $20k - $6 trillion == $0
Re:It Is Time For Basic Income
by growupkids on Saturday March 22, 2014 @08:45AM
(#7448828)
I'm sure you didn't mean this, but let's be clear the 6T is not returned to the tax payer that stumped it. Since this isn't generated wealth, just redistributed, it's a cost to someone. Someone's getting 20k, and someone's paying for it. And some people are going to be paying a lot more than 20k, and some people won't be paying in anything.
Re:It Is Time For Basic Income
by thehenster on Saturday March 22, 2014 @02:38PM
(#7450264)
The money does go back to the tax payers.. Its redistributed amongst the tax payers. Its pretty much the core concept.
You thought that I thought they just sent the cheques back in the post? That would be bizarre indeed!
"250M people contribute $20k. 300M people receive $16.6k."
For a BI to be bad from the perspective you're talking about it has to actively make people less productive.
You mean like a 10% reduction in work hours? https://decorrespondent.nl/541/why-we-should-give-free-money...