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upaloopa

(11,417 posts)

6. I here these ideas but the presentation talks only

Reply to reformist2 (Original post)

Thu Feb 14, 2013, 11:40 AM

Feb 2013

about 1/2 the issue. There is at least one reason this isn't happening and that is because there is no one to pay for it.
Say everyone is guaranteed $50K a year. Where does that money come from if working only earns you $40k?
Someone who is able gas to give up part of their income to make up the other $10k.
Who is that person?.
You can't just print the money because inflation would erode the buying power of the $50K.
Where does the money come from?

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Raising the Minimum Wage is good, but a Basic Income would be better. [View all] reformist2 Feb 2013 OP

Yes, but....what can we do about the cost of living Puzzledtraveller Feb 2013 #1

I would say that the basic income has to be tied to the cost of living Duer 157099 Feb 2013 #2

This should be considered our first basic right. libtodeath Feb 2013 #3

I agree. Thomas Paine tied it to everyone's inherent right to own land. Not to buy land - to own it. reformist2 Feb 2013 #4

I've always been intrigued by this idea ... ParkieDem Feb 2013 #5

I here these ideas but the presentation talks only upaloopa Feb 2013 #6

Tax the wealth of those who could afford it. It would be their rental payment to the rest of us. reformist2 Feb 2013 #7