Steve James wrote:
Here's the difference.
Versus back in the day
We were the last generation allowed to "ride the ball" to make connections with spud wrenches. Btw, I worked on bridges and that work was dominated by Iroquois and Norwegians. Still today, the trades are often kept in families.
everything wrote:Back on the UBI, what is the difference between giving everyone 12k stipend and giving everyone 12k tax reduction?
I guess one difference is at the lowest tax amounts, I don't really benefit. If I only owe $3000, and now I owe nothing, I'm theoretically missing out on an extra 9k. How large this affected group is seems based on the assumption that if a huge number of good jobs are eliminated, then if I'm in this group, I can't get as high a paying job, then either I don't pay taxes and so saving on taxes doesn't help me, or I am now in a far lower tax bracket, so like in the above 3k example, I'm missing out on this tax reduction benefit.
Vs if everyone is given the 12k, that helps us start to string together the gigs. If it works out, I will hopefully end up making more and paying more taxes back into the system.
.And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country."
it's far more efficient for money to make more money than for labor to do so
One rule of thumb they have is to save 50% of your salary for retirement. Then when they retire early, they follow a 4% guideline (living on 4% of what they saved). Critics say that is naive and doesn't account for lifespans and inflation.
So, if the nation makes a "profit," why not share it with "the citizens"? People argued that America was a business. Ok, consider us stockholders who are waiting for our returns.
The United States (and most of the world) has a monetary system that generates profits by using the tool of money to steal value from labor, ie. it is usurious and therefore immoral.
These could be changed and wealth retained by the laborers who create value that is now stolen by an immoral system.
In 2015, total federal revenues in fiscal year 2015 are expected to be $3.18 trillion.2 These revenues come from three major sources:
Income taxes paid by individuals: $1.48 trillion, or 47% of all tax revenues.
Payroll taxes paid jointly by workers and employers: $1.07 trillion, 34% of all tax revenues.
Corporate income taxes paid by businesses: $341.7 billion, or 11% of all tax revenues.
There are also a handful of other types of taxes, like customs duties and excise taxes that make up much smaller portions of federal revenue.
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