Re: Facebook CoFounder Wants $3 Trillion Tax On Rich To Fund Universal Basic Income
There are a few good points made here.
This is one potential scenario under which universal basic income might have a hope of succeeding and balancing out global economies.
It could easily turn into a disaster like social security where excess collected taxes are consistently spent on things which have absolutely nothing to do with social security. Many taxes like road taxes, which are supposed to be utilized towards maintaining roads. And telecom taxes which in theory, are supposed to be spent on maintaining or upgrading internet or telecom infrastructure are often spent on war in the middle east / programs which are 100% unrelated to those things.
The potential for disaster or misuse of funds is very high. But there is a slim chance the program could be successful and achieve its intended end goal of redistributing wealth from the rich to the poor, like robin hood, in an effort to stabilize economies and prevent societies and civilization from ultimately collapsing. And things like that. Whatever the worst case, scorched earth, scenario is here in regard to things like UBI.
This is one potential scenario under which universal basic income might have a hope of succeeding and balancing out global economies.
It could easily turn into a disaster like social security where excess collected taxes are consistently spent on things which have absolutely nothing to do with social security. Many taxes like road taxes, which are supposed to be utilized towards maintaining roads. And telecom taxes which in theory, are supposed to be spent on maintaining or upgrading internet or telecom infrastructure are often spent on war in the middle east / programs which are 100% unrelated to those things.
The potential for disaster or misuse of funds is very high. But there is a slim chance the program could be successful and achieve its intended end goal of redistributing wealth from the rich to the poor, like robin hood, in an effort to stabilize economies and prevent societies and civilization from ultimately collapsing. And things like that. Whatever the worst case, scorched earth, scenario is here in regard to things like UBI.
Firstly lets call it "USA Basic Income scheme" instead of calling it Universal, because that's what it is. Secondly, the scheme looks good in theory but hard as hell to implement. It seems like the government has to take up a job like Robinhood. get money from the riches and distribute it to the poor segment of the society. This is not a sustainable model at all. If the government wants to provide basic income to the poors, they should look at two very important factors,
You may be surprised but that's exactly how the US government acts toward other nations. Uncle Sam (the present day Robinhood) basically milks the whole world. Indeed, most of the milk goes to the rich and superrich, but something goes to the lower tiers of social hierarchy as well. Ultimately, it can be said that every American household is already subsidized by the rest of the world. What is it if not some weird form of universal income ("USA Basic Income scheme")?
His life was full until he tried to milk the bull. So I'm also curious if this scheme is sustainable, but so far it has been working flawlessly.