WinterBorn
Diamond Member
- Moderator
- #481
Yet, we can allegedly afford the general warfare and common offense? Besides, you omit the multiplier effect those "equivalent to stimulus payments" would have on our economy. At least one study has shown a multiplier of two; meaning that for every one dollar spent, two dollars worth of economic activity is generated. General taxes on that amount would be considerable; and income taxes could still be levied since those persons would have a consistent income.
Capitalists still need to make a profit. And, our economy would be more efficient with that form of full employment of capital resources and adjust to a new equilibrium via market friendly and market recognizable means. And, we would still incur savings since unemployment compensation is more efficient as an automatic stabilizer than any form of means tested social services.
Besides, we are discussing the "socialism of the law". There is no excuse for unequal protection of the laws under our Constitutional form of Government; only illegals do that.
The tax increases that would be necessary to support your "new & improved" UC would be devastating to many people.
And, as I said, it would likely not result in you getting a check for nothing. It would result in the death of a program that has kept people afloat between jobs and has not been a drain on our taxes.
With the huge deficits we are currently carrying, to add $400 billion to our budget just so people could get paid for nothing is completely irresponsible.
But, if you insist on making UC available for anyone who is not working, let it be for 6 months (like UC is now) and after that you cannot draw again until you work for 6 months.