Elim Garak
Veteran
Same way we pay for everything else lmao the black card.
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How Can We Realistically Pay for UBI
- Thread starter A.R.$
- Start date
the cac mamba
Veteran
i could retire at 30 off a 1,000 UBI
i support it. i just did the math on how we can rob bezos and give every american a one time 500 dollar paymentif you wanna resort to your patented kosher one-liners 88, that's where this can end
ADevilYouKhow
Rhyme Reason
i could retire at 30 off a 1,000 UBI
if you wanna resort to your patented kosher one-liners 88, that's where this can end
Bro, I get it you’re a loser. You’re never going to be shyt. Probably drive an American or Asian car and the whole nine.
Ethnic Vagina Finder
The Great Paper Chaser
UBI is a form of communism
the only true way to pay for shyt like this is by
1. stop giving foreign aid to countries
2. Cut military spending significantly
3. Invent new shyt
4. Become more significant exporters
5. Decrease outsourcing significantly
6. But first and foremost the national debt has to be paid in full with a surplus. Whoever figures out how to eliminate the national debt and balance the budget in a short amount of time can basically fund just about anything.
the only true way to pay for shyt like this is by
1. stop giving foreign aid to countries
2. Cut military spending significantly
3. Invent new shyt
4. Become more significant exporters
5. Decrease outsourcing significantly
6. But first and foremost the national debt has to be paid in full with a surplus. Whoever figures out how to eliminate the national debt and balance the budget in a short amount of time can basically fund just about anything.
Yangs plan was to have a value added tax.
Value-Added Tax - Yang2020 - Andrew Yang for President
A Value-Added Tax (VAT) is currently used by 160 out of 193 countries, including every developed nation except the US, because it is a more efficient way of generating revenue with no loopholes. Big companies and rich people are excellent at moving assets around to avoid taxes – Amazon, Google, and other companies funnel hundreds of billions in earnings overseas. In fact, Amazon paid zero in taxes last year. A VAT makes it impossible for them to benefit from the American people, automation, and infrastructure without paying their fair share.
By implementing a VAT, the American people will get a tiny sliver from the transactions of the big winners from the 21st century economy, the trillion dollar tech companies.
These revenues will help finance the Freedom Dividend and provide a floor for millions of Americans to build on, incentivizing businesses to control costs, encouraging savings, and simplifying administration. While transactions through the supply chain are taxed, only a fraction of that tax is passed on to consumers. Coupled with the Freedom Dividend, it will be quite progressive.
Why are VATs so popular in the rest of the world, especially among industrialized nations that make up the Organization for Economic Cooperation and Development (OECD)? They’re difficult to dodge and easy to implement. By taking a slice at each point that value switches hands in the supply chain, big corporations will pay into the system to bring their products to market. If you want to do business in America, you have to pay into America. That’s it. This system doesn’t privilege foreign goods because a VAT is equally applied to imported goods.
This is how we ensure big tech companies pay their fair share and Americans share in the gains of the 21st century economy. Other industrialized countries have cracked the code after trying numerous schemes, from a wealth tax to a VAT. And while I agree with a wealth tax in spirit, there is a reason why it has been repealed by almost all European countries who have attempted them. We should not be looking to other countries’ mistakes. Instead, we should look at the tax system in 160 countries like Germany and France that set up future generations for success, which is a value-added tax.
Value-Added Tax - Yang2020 - Andrew Yang for President
A Value-Added Tax (VAT) is currently used by 160 out of 193 countries, including every developed nation except the US, because it is a more efficient way of generating revenue with no loopholes. Big companies and rich people are excellent at moving assets around to avoid taxes – Amazon, Google, and other companies funnel hundreds of billions in earnings overseas. In fact, Amazon paid zero in taxes last year. A VAT makes it impossible for them to benefit from the American people, automation, and infrastructure without paying their fair share.
By implementing a VAT, the American people will get a tiny sliver from the transactions of the big winners from the 21st century economy, the trillion dollar tech companies.
These revenues will help finance the Freedom Dividend and provide a floor for millions of Americans to build on, incentivizing businesses to control costs, encouraging savings, and simplifying administration. While transactions through the supply chain are taxed, only a fraction of that tax is passed on to consumers. Coupled with the Freedom Dividend, it will be quite progressive.
Why are VATs so popular in the rest of the world, especially among industrialized nations that make up the Organization for Economic Cooperation and Development (OECD)? They’re difficult to dodge and easy to implement. By taking a slice at each point that value switches hands in the supply chain, big corporations will pay into the system to bring their products to market. If you want to do business in America, you have to pay into America. That’s it. This system doesn’t privilege foreign goods because a VAT is equally applied to imported goods.
This is how we ensure big tech companies pay their fair share and Americans share in the gains of the 21st century economy. Other industrialized countries have cracked the code after trying numerous schemes, from a wealth tax to a VAT. And while I agree with a wealth tax in spirit, there is a reason why it has been repealed by almost all European countries who have attempted them. We should not be looking to other countries’ mistakes. Instead, we should look at the tax system in 160 countries like Germany and France that set up future generations for success, which is a value-added tax.
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the cac mamba
Veteran
you're a trust fund baby
not only that, but just resorting to desperate personal attacks. couldnt even make a meaningful attempt to address anything being discussed
Military budget needs to go way down and more/higher taxes for the wealthy. Taxing automation is also a very interesting idea.
This, M4A, and free/reduced cost public university is all possible.
This, M4A, and free/reduced cost public university is all possible.
This is what lead me to make this thread. A VAT still leave you about $2 Trillion a year short.
Your right but it does matter, but I think we got it completely wrong with the Fed mandate.
If we look at our biggest inflationary period which was the 70s and take that out that period and adjust models for that fat tail inflation event it doesn't exist, anywhere in our history. Know I always say adjust to fat tail events but I think we have adjusted and calibrated the models too much for the period.
Japan has been looking and been trying to create inflation since the 80s and has yet been able to.
We can run the printing press for a while just dont see how inflation will roar in like we think it will.
dora_da_destroyer
Master Baker
i'm still not sold on UBI, what's the point of giving a doctor making 300k/yr an extra $1k/month? i'm convinced it can be helpful in emergency macro crises (like now) or would even support it for those working 40-50/hrs a week that make less than 30k/yr or some shyt, but I don't get the point of a basic income being "universal" - ie. all income levels.
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MMT
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If the right does it, we(or rather I) expect it to be generous and to come with cuts and/or the abolishment of other social safety nets freeing up trillions annually. If we can get SS/medicare abolished we might be able to even lower taxes on the middle class while ensuring basic income for every single American.
The left tends to prefer the lasagna route, just layering policies on top of each other
It would be an opt in scenario with Yangs plan. So wealthy people do not have to opt in and receive UBI if they do not wish.
The idea is to get citizens to feel like they are shareholders invested in the country, with UBI being the returns on that investment.
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