Universal Basic Income: Biden's Best Bet?

[bripat9643]

Almost everyone's aware of Alaska's Permanent Fund:

"...The program began in 1976 after the discovery of oil on Alaska’s North Slope.

"The then-governor, a renegade Republican named Jay Hammond, concluded that this windfall was too good to just give to the oil companies.

"So he devised the program to share the revenue with Alaska residents...."

"OK, here’s the idea for President-elect Biden:

"Bring 20 of the Trumpiest-looking Alaskans to a press conference.

"Unveil a plan whereby every man, woman, and child gets a $1,000 check every month from the government.

"Finance it with taxes on large wealth, fossil fuels, financial transactions, and intellectual property resulting from taxpayer-funded public research.

"Invite the Alaskans to describe the joy of getting their checks: no middleman, no means tests, no government forms to fill out—just free money as everyone’s share of the American commons.

"Dare Mitch McConnell to oppose it."

A Big, Simple, Winning Issue for Biden

The "American commons" are the cultural and natural resources accessible to all members of society. In a time when the privileged few expand their vast fortunes despite a global pandemic and recession, it seems fitting to socialize the profits and privatize the losses.

Does anyone believe "Delaware Joe" will turn on his corporate benefactors?

Alaska's revenue comes from oil royalties, moron. Where is the revenue for this giant swindle supposed to come from?

You're an idiot, of course.

 

[bripat9643]

Almost everyone's aware of Alaska's Permanent Fund:

"...The program began in 1976 after the discovery of oil on Alaska’s North Slope.

"The then-governor, a renegade Republican named Jay Hammond, concluded that this windfall was too good to just give to the oil companies.

"So he devised the program to share the revenue with Alaska residents...."

"OK, here’s the idea for President-elect Biden:

"Bring 20 of the Trumpiest-looking Alaskans to a press conference.

"Unveil a plan whereby every man, woman, and child gets a $1,000 check every month from the government.

"Finance it with taxes on large wealth, fossil fuels, financial transactions, and intellectual property resulting from taxpayer-funded public research.

"Invite the Alaskans to describe the joy of getting their checks: no middleman, no means tests, no government forms to fill out—just free money as everyone’s share of the American commons.

"Dare Mitch McConnell to oppose it."

A Big, Simple, Winning Issue for Biden

The "American commons" are the cultural and natural resources accessible to all members of society. In a time when the privileged few expand their vast fortunes despite a global pandemic and recession, it seems fitting to socialize the profits and privatize the losses.

Does anyone believe "Delaware Joe" will turn on his corporate benefactors?

There have already been proposals along these lines from Democrats like Kamala Harris.

Personally I think they are a great idea. This is America, the richest, best country in the world. We should have no one living in poverty here.

We can always trust you to believe every government swindle is a great idea.

 

[danielpalos]

Let's see if we can translate: You want wages to just continually rise, which is inflation because you're not doing anything to increase the value of the jobs

Productivity has also risen. Inflation happens regardless. The minimum wage should have kept up with inflation from Inception.

 

[bripat9643]

Equal protection of the law for unemployment compensation in our at-will employment States could be accomplished by executive order.

Automatic stabilization of our economy now!

How can we have unused productive capacity and mass unemployment at the same time?

What Is the Output Gap? - Back to Basics - Finance & Development, September 2013

"The output gap is an economic measure of the difference between the actual output of an economy and its potential output.

"Potential output is the maximum amount of goods and services an economy can turn out when it is most efficient—that is, at full capacity.

"Often, potential output is referred to as the production capacity of the economy."

Quit using economic terms that you don't understand.

 

[bripat9643]

Almost everyone's aware of Alaska's Permanent Fund:

"...The program began in 1976 after the discovery of oil on Alaska’s North Slope.

"The then-governor, a renegade Republican named Jay Hammond, concluded that this windfall was too good to just give to the oil companies.

"So he devised the program to share the revenue with Alaska residents...."

"OK, here’s the idea for President-elect Biden:

"Bring 20 of the Trumpiest-looking Alaskans to a press conference.

"Unveil a plan whereby every man, woman, and child gets a $1,000 check every month from the government.

"Finance it with taxes on large wealth, fossil fuels, financial transactions, and intellectual property resulting from taxpayer-funded public research.

"Invite the Alaskans to describe the joy of getting their checks: no middleman, no means tests, no government forms to fill out—just free money as everyone’s share of the American commons.

"Dare Mitch McConnell to oppose it."

A Big, Simple, Winning Issue for Biden

The "American commons" are the cultural and natural resources accessible to all members of society. In a time when the privileged few expand their vast fortunes despite a global pandemic and recession, it seems fitting to socialize the profits and privatize the losses.

Does anyone believe "Delaware Joe" will turn on his corporate benefactors?

There have already been proposals along these lines from Democrats like Kamala Harris.

Personally I think they are a great idea. This is America, the richest, best country in the world. We should have no one living in poverty here.

Let's compromise.

If the royalties on the oil reserves are paid out as universal income, and everyone gets a check, and a portion of those funds are required to be used for health care/insurance/whatever, and Medicare/Medicaid/Welfare/Social Security etc. are repealed., and we agree to a constitutional amendment that neither the Legislative, Executive, nor Judicial branches of either the Federal Government or that of any State or Territory may take any action to onw or control the means of production or distribution, and if there is also a 35% cut in defense spending, and the Fed is placed in a perpetual money printing freeze unless and until 3/4 of the states agree to it, and only under the agreed terms.

....ONLY THEN, will I agree.

I believe Milton Friedman had similar terms, as he believed this method would be much more efficient than the bloated, bullshit, wasteful, siphoning welfare bureaucracy in Washington.

There you go.

Not even then. Half of what you suggested is impossible.

 

[danielpalos]

You also think that giving people a guaranteed basic income will solve poverty. How will it do that when you have to first take the money out of the economy, making it harder for people to keep going and turning larger numbers of them from producers to takers? You refuse to consider the opportunity cost of taking over $3 trillion out of the economy.

I am for solving simple poverty by solving for the deleterious capital effects of capitalism's natural rate of unemployment in our at-will employment States.

Labor as the least wealthy tend to spend more of their income (circulate that income in our economy) sooner rather than later and offer the best multiplier bang for our buck as a result.

 

[bripat9643]

Almost everyone's aware of Alaska's Permanent Fund:

"...The program began in 1976 after the discovery of oil on Alaska’s North Slope.

"The then-governor, a renegade Republican named Jay Hammond, concluded that this windfall was too good to just give to the oil companies.

"So he devised the program to share the revenue with Alaska residents...."

"OK, here’s the idea for President-elect Biden:

"Bring 20 of the Trumpiest-looking Alaskans to a press conference.

"Unveil a plan whereby every man, woman, and child gets a $1,000 check every month from the government.

"Finance it with taxes on large wealth, fossil fuels, financial transactions, and intellectual property resulting from taxpayer-funded public research.

"Invite the Alaskans to describe the joy of getting their checks: no middleman, no means tests, no government forms to fill out—just free money as everyone’s share of the American commons.

"Dare Mitch McConnell to oppose it."

A Big, Simple, Winning Issue for Biden

The "American commons" are the cultural and natural resources accessible to all members of society. In a time when the privileged few expand their vast fortunes despite a global pandemic and recession, it seems fitting to socialize the profits and privatize the losses.

Does anyone believe "Delaware Joe" will turn on his corporate benefactors?

328 million Americans * $1,000/month = $328 billion/month.
$328 billion/month * 12 months = $3.9 trillion/year.

Fun times indeed. Where is the almost $4 trillion going to come from, Bill Gates?

That's McConnell's response that kills the whole thing.

Moscow Mitch wouldn't do it if it was $.05 a year.

He's scum who cares nothing for Americans.

Irrelevant. It's a stupid idea.

What's irrelevant about the senate majority leader not caring about the people he's supposed to be working for?

its not his job to take care or provide for the people,,

Actually, as a senator, that precisely what his job is.

Wrong.

 

[danielpalos]

Think of the opportunity cost of taking an additional 4 trillion out of the economy.

Where are we taking the $4 trillion from?

Would you sacrifice 4 trillion dollars from Wall Street speculators, FIRE sector shareholders, and the Pentagon in order to gain an equal amount of consumption and investment?

Monopoly Capital - Wikipedia

"Fourth, military spending does not compete with capitalist interests in the same way as civilian spending and through imperialism serves to enhance those interests.

"Therefore, military spending is able to expand to a degree civilian spending is not, providing an important outlet for surplus absorption."

The problem is we have no general warfare clause in our federal Constitution and we should be promoting the general welfare not the general warfare every time it comes up.

And, I agree to disagree that military spending is better than infrastructure spending as a Government means of production.

But we do have a Constitutional mandate for defense. You want to deny that one while taking to ridiculous extremes the welfare clause.

lol. Our Constitutional mandate for the general Welfare is first not second.

 

[danielpalos]

Equal protection of the law for unemployment compensation in our at-will employment States could be accomplished by executive order.

Automatic stabilization of our economy now!

How can we have unused productive capacity and mass unemployment at the same time?

What Is the Output Gap? - Back to Basics - Finance & Development, September 2013

"The output gap is an economic measure of the difference between the actual output of an economy and its potential output.

"Potential output is the maximum amount of goods and services an economy can turn out when it is most efficient—that is, at full capacity.

"Often, potential output is referred to as the production capacity of the economy."

Quit using economic terms that you don't understand.

That is usually considered an ad hominem unless you provide a valid argument for rebuttal.

 

[hadit]

They want to give free college, but why go to college if you get a basic income, sounds like a waste of time to get educated for nothing.....

I don't think many Americans would be content to live on their UBI stipend. Such a supplement might prevent a few medical bankruptcies, but I doubt if it produces a new US leisure class.

As far as education's concerned, understanding the world you live in has a value that far exceeds how much money you can exchange for your daily toil.

I believe we should solve simple poverty by solving for the deleterious effects of Capitalism's natural rate of unemployment with unemployment compensation for simply being unemployed in an at-will employment State. How much more market friendly can it get, with automatic stabilization of our economy?

Will you for once be honest and accurate with your language and state that you think we can solve poverty with welfare for people who don't want to provide for themselves? That's what you really mean when say dumb things like "simply being unemployed in an at-will employment State". You know that covers those who can work and who have available jobs but refuse to work. They are poor through their own choices and can take steps to become self-sufficient, but refuse to do so. Why should society perpetuate a negative set of actions by subsidizing them?

 

[hadit]

Think of the opportunity cost of taking an additional 4 trillion out of the economy.

Where are we taking the $4 trillion from?

Would you sacrifice 4 trillion dollars from Wall Street speculators, FIRE sector shareholders, and the Pentagon in order to gain an equal amount of consumption and investment?

Monopoly Capital - Wikipedia

"Fourth, military spending does not compete with capitalist interests in the same way as civilian spending and through imperialism serves to enhance those interests.

"Therefore, military spending is able to expand to a degree civilian spending is not, providing an important outlet for surplus absorption."

The problem is we have no general warfare clause in our federal Constitution and we should be promoting the general welfare not the general warfare every time it comes up.

And, I agree to disagree that military spending is better than infrastructure spending as a Government means of production.

But we do have a Constitutional mandate for defense. You want to deny that one while taking to ridiculous extremes the welfare clause.

lol. Our Constitutional mandate for the general Welfare is first not second.

Irrelevant. The constitutional mandate for defense is as absolute as the welfare clause.

 

[hadit]

Let's see if we can translate: You want wages to just continually rise, which is inflation because you're not doing anything to increase the value of the jobs

Productivity has also risen. Inflation happens regardless. The minimum wage should have kept up with inflation from Inception.

Does the burger flipper of today flip more burgers than the burger flipper of yesterday, or does he do about the same number? Does the floor sweeper sweep more floors today or about the same amount of square footage in a normal shift? Does the Wal-Mart greeter greet more people today than before? The productivity you're talking about is from automation. For example, you don't have thousands of men on an auto assembly line welding pieces together and turning bolts, you have a comparative handful monitoring machines that do a better job welding and putting on bolts. A worker has to learn new skills to operate the automated machines, which in turn means he doesn't get paid MW any more. So, since you brought it up, what MW jobs have seen increased productivity that would justify higher wages? Be specific.

 

[hadit]

You also think that giving people a guaranteed basic income will solve poverty. How will it do that when you have to first take the money out of the economy, making it harder for people to keep going and turning larger numbers of them from producers to takers? You refuse to consider the opportunity cost of taking over $3 trillion out of the economy.

I am for solving simple poverty by solving for the deleterious capital effects of capitalism's natural rate of unemployment in our at-will employment States.

Labor as the least wealthy tend to spend more of their income (circulate that income in our economy) sooner rather than later and offer the best multiplier bang for our buck as a result.

And you want to give them more so you can take more from them, leaving them right where they are now.

 

[g5000]

Almost everyone's aware of Alaska's Permanent Fund:

"...The program began in 1976 after the discovery of oil on Alaska’s North Slope.

"The then-governor, a renegade Republican named Jay Hammond, concluded that this windfall was too good to just give to the oil companies.

"So he devised the program to share the revenue with Alaska residents...."

"OK, here’s the idea for President-elect Biden:

"Bring 20 of the Trumpiest-looking Alaskans to a press conference.

"Unveil a plan whereby every man, woman, and child gets a $1,000 check every month from the government.

"Finance it with taxes on large wealth, fossil fuels, financial transactions, and intellectual property resulting from taxpayer-funded public research.

"Invite the Alaskans to describe the joy of getting their checks: no middleman, no means tests, no government forms to fill out—just free money as everyone’s share of the American commons.

"Dare Mitch McConnell to oppose it."

A Big, Simple, Winning Issue for Biden

The "American commons" are the cultural and natural resources accessible to all members of society. In a time when the privileged few expand their vast fortunes despite a global pandemic and recession, it seems fitting to socialize the profits and privatize the losses.

Does anyone believe "Delaware Joe" will turn on his corporate benefactors?

You are a self-described loser that never made more then minimum wage until your got in SSN. Other then the word loser those were your words not mine.
You very much are a bottom feeder that did little then take from society and not give back.

Is English your second language?

Just curious.

 

[g5000]

Let's see if we can translate: You want wages to just continually rise, which is inflation because you're not doing anything to increase the value of the jobs

Productivity has also risen. Inflation happens regardless. The minimum wage should have kept up with inflation from Inception.

Does the burger flipper of today flip more burgers than the burger flipper of yesterday, or does he do about the same number? Does the floor sweeper sweep more floors today or about the same amount of square footage in a normal shift? Does the Wal-Mart greeter greet more people today than before? The productivity you're talking about is from automation. For example, you don't have thousands of men on an auto assembly line welding pieces together and turning bolts, you have a comparative handful monitoring machines that do a better job welding and putting on bolts. A worker has to learn new skills to operate the automated machines, which in turn means he doesn't get paid MW any more. So, since you brought it up, what MW jobs have seen increased productivity that would justify higher wages? Be specific.

Inflation alone justifies raising the minimum wage.

 

[Missouri_Mike]

Just a quick question. What resources are the other 49 states going to provide for this windfall of cash?

As of October 2020 the richest 400 Americans had a combined net worth of $3.2 trillion; there was a total billionaire count of 614 billionaires, a record high

Socialize the profits.
Privatize the losses.

Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers - The Total Report

So the other states are going to provide stolen money. That’s what they will bring to the table. Fucking genius.

 

[Missouri_Mike]

Let's see if we can translate: You want wages to just continually rise, which is inflation because you're not doing anything to increase the value of the jobs

Productivity has also risen. Inflation happens regardless. The minimum wage should have kept up with inflation from Inception.

Does the burger flipper of today flip more burgers than the burger flipper of yesterday, or does he do about the same number? Does the floor sweeper sweep more floors today or about the same amount of square footage in a normal shift? Does the Wal-Mart greeter greet more people today than before? The productivity you're talking about is from automation. For example, you don't have thousands of men on an auto assembly line welding pieces together and turning bolts, you have a comparative handful monitoring machines that do a better job welding and putting on bolts. A worker has to learn new skills to operate the automated machines, which in turn means he doesn't get paid MW any more. So, since you brought it up, what MW jobs have seen increased productivity that would justify higher wages? Be specific.

Inflation alone justifies raising the minimum wage.

Which causes inflation, so raise wages again, which causes more inflation, raise wages, more inflation, raise wages, more inflation...,

 

[g5000]

Let's see if we can translate: You want wages to just continually rise, which is inflation because you're not doing anything to increase the value of the jobs

Productivity has also risen. Inflation happens regardless. The minimum wage should have kept up with inflation from Inception.

Does the burger flipper of today flip more burgers than the burger flipper of yesterday, or does he do about the same number? Does the floor sweeper sweep more floors today or about the same amount of square footage in a normal shift? Does the Wal-Mart greeter greet more people today than before? The productivity you're talking about is from automation. For example, you don't have thousands of men on an auto assembly line welding pieces together and turning bolts, you have a comparative handful monitoring machines that do a better job welding and putting on bolts. A worker has to learn new skills to operate the automated machines, which in turn means he doesn't get paid MW any more. So, since you brought it up, what MW jobs have seen increased productivity that would justify higher wages? Be specific.

Inflation alone justifies raising the minimum wage.

Which causes inflation, so raise wages again, which causes more inflation, raise wages, more inflation, raise wages, more inflation...,

Without raising the minimum wage, we have inflation.

Try again.

Raising the minimum wage mitigates the concentration of wealth.

 

[danielpalos]

You also think that giving people a guaranteed basic income will solve poverty. How will it do that when you have to first take the money out of the economy, making it harder for people to keep going and turning larger numbers of them from producers to takers? You refuse to consider the opportunity cost of taking over $3 trillion out of the economy.

I am for solving simple poverty by solving for the deleterious capital effects of capitalism's natural rate of unemployment in our at-will employment States.

Labor as the least wealthy tend to spend more of their income (circulate that income in our economy) sooner rather than later and offer the best multiplier bang for our buck as a result.

And you want to give them more so you can take more from them, leaving them right where they are now.

Prices won't double under any scenario if the minimum wage doubles.

 

[Orangecat]

No, just your fallacy of composition. Labor costs are specific. Goading capitalists to automate for their bottom line can ease inflationary pressure on those goods produced more cost effectively.

So now automation is your plan to raise wages and prevent inflation? Look up the word "naive" or look in a mirror. Same difference.