The US budget is about 3.2 trillion. Assuming we don't default on debt or reduce military and assuming we can't remove medicare and health spending and also we don't remove other non entitlement spending you get about $2 trillion that could maybe be reshifted. There are 138 million us tax payers giving each $14k comes out to right at 2 trillion. (Ignoring for now the non tax payers which would double this number and all of the following) The troubling part though is that half of that is social security. Reducing social security payments to that would cripple retired people forced to pay into the system their whole lives and make them live at possibly 10% or less of what was promised. Not putting a lot of faith in the government.
Maybe 1 is feasible under that situation but to not kill social security it would require about 30% tax hike and be an increasingly negative program for anyone making over $46k which is 30% of the population. In my opinion that is idiotic. Logistically it would be a nightmare as congress would have to simultaneously remove a boatload of spending then add a boatload more which would be battled forever. I also have doubts about the capability of many people to responsibly handle the money themselves leading to calls for more entitlement programs to be reinstated or formed.
2 is next level moronic. The increase in average income would likely drive inflation to increasing levels ultimately creating the same effective levels of wealth and poverty as before. That $30k will pay for a car/house maybe in the first year but not really in the third, fourth etc.
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The US budget is about 3.2 trillion. Assuming we don't default on debt or reduce military and assuming we can't remove medicare and health spending and also we don't remove other non entitlement spending you get about $2 trillion that could maybe be reshifted. There are 138 million us tax payers giving each $14k comes out to right at 2 trillion. (Ignoring for now the non tax payers which would double this number and all of the following) The troubling part though is that half of that is social security. Reducing social security payments to that would cripple retired people forced to pay into the system their whole lives and make them live at possibly 10% or less of what was promised. Not putting a lot of faith in the government.
Maybe 1 is feasible under that situation but to not kill social security it would require about 30% tax hike and be an increasingly negative program for anyone making over $46k which is 30% of the population. In my opinion that is idiotic. Logistically it would be a nightmare as congress would have to simultaneously remove a boatload of spending then add a boatload more which would be battled forever. I also have doubts about the capability of many people to responsibly handle the money themselves leading to calls for more entitlement programs to be reinstated or formed.
2 is next level moronic. The increase in average income would likely drive inflation to increasing levels ultimately creating the same effective levels of wealth and poverty as before. That $30k will pay for a car/house maybe in the first year but not really in the third, fourth etc.