No matter how well you market or sell basic income, it has to be paid with by taxes on someone.
The people being taxed for basic income will feel like they are being targeted or hunted.
We are reaching a social security crisis as the Baby Boomers retire and there will become more people on social security than working to pay taxes to support it. Either the fed increases taxes on workers or they print up more money and go into debt.
Whomever becomes President in 2016 is going to have to clean up social security as well as address this income inequality issue and basic income.
In all honesty if you put a 80% tax on the rich, they will just move out of the USA to a nation with lower taxes and move their business and jobs there.
One of the ways to address income inequality is to implement a basic income. While the article didn't mention it, it sort of hinted at it. In order to make a poor person have enough money to get a good education you have to give them a basic income so they can live off it and pay for their education with it.
Many nations in the EU have some form of basic income, but their populations are smaller than the USA and they don't pay much for their military because NATO protects them.
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No matter how well you market or sell basic income, it has to be paid with by taxes on someone.
The people being taxed for basic income will feel like they are being targeted or hunted.
We are reaching a social security crisis as the Baby Boomers retire and there will become more people on social security than working to pay taxes to support it. Either the fed increases taxes on workers or they print up more money and go into debt.
Whomever becomes President in 2016 is going to have to clean up social security as well as address this income inequality issue and basic income.
In all honesty if you put a 80% tax on the rich, they will just move out of the USA to a nation with lower taxes and move their business and jobs there.
I agree with you (previously: http://micheleincalifornia.blogspot.com/2015/09/it-was-obsol...), but I don't see where this article is talking about basic income. Did I miss the reference?
Thanks!
One of the ways to address income inequality is to implement a basic income. While the article didn't mention it, it sort of hinted at it. In order to make a poor person have enough money to get a good education you have to give them a basic income so they can live off it and pay for their education with it.
Many nations in the EU have some form of basic income, but their populations are smaller than the USA and they don't pay much for their military because NATO protects them.
No, they don't.