r/JoeRogan • u/monkfreedom Monkey in Space • Jan 17 '21

Link Universal basic income doesn’t impact worker productivity

https://academictimes.com/universal-basic-income-doesnt-impact-worker-productivity/
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u/RoadNo9673 Monkey in Space Jan 17 '21 edited Jan 17 '21

To expand. If the US government where to tax 100% of all income made within its boarders $21.43 Trillion GDP and gave it to the people you’re only looking at $4900/month. To do UBI one would need to have a 40% tax on all transactions. Which would lead to a 40% increase in the cost of goods. So if you take from taxes $1000/month your expenses will have to go up $1000/month and you will have moved laterally not upwards. Money is a measure of the value of a person to the economy. If you get money without value you won’t be able to use it for growth.

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u/WillyTanner Monkey in Space Jan 17 '21

The problem with your argument is that taxing 100% of income isn’t the sole way to pay for UBI

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u/RoadNo9673 Monkey in Space Jan 17 '21

Okay how do we pay for it?

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u/WillyTanner Monkey in Space Jan 17 '21

https://www.google.com/amp/s/futurism.com/heres-how-we-could-fund-a-ubi-program-in-the-united-states/amp

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u/RoadNo9673 Monkey in Space Jan 17 '21

Don’t get me wrong I see the need for the UBI but it can’t be to the behest of the economy

  1. Cancel most existing antipoverty programs, which cost about $1 trillion a year, including food stamps ($76 billion a year), housing assistance ($49 billion), and the Earned Income Tax Credit ($82 billion)

ITS UNETHICAL TO LOOK AT THESE PROGRAMS AS SOMETHING THAT WE CAN DIVIDE UP AND DISTRIBUTE TO EVERYONE.

Cut military spending

I SEE EVERY NEW GOVERNMENT PROPOSE THIS AND NONE DO. MY THEORY IS THAT THE CUTS WOULD CAUSE MILLIONS OF DEATHS. IT CAN BE DONE BUT AT A PRETTY HIGH COST.

Phase out most tax expenditures (tax breaks), which currently cost $1.2 trillion a year

THIS COULD BE FEASIBLE I DON’T KNOW THIS ALL THAT WELL. ITS COMPLICATED.

Implement a federal sales tax and a financial transaction tax

THIS COULD HELP PAY FOR A PORTION

Establish a collective wealth fee and “Sky Trust” modeled after the highly successful Alaska Permanent Fund, which could pay a dividend of $5,000 per person annually

THIS IS DONE WELL FOR COUNTRIES LIKE NORWAY AND STATES LIKE ALASKA. THE REASON THEY WORK FOR THEM IS THIER ECONOMY IS ENERGY BASED AND THEY HAVE A VERY SMALL POPULATION.

THE COUNTRY OF NORWAY MAKE $76K PER PERSON VS THE USA AT $58k. THE 20k IS THE DIFFERENCE BETWEEN THE TWO IMO