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guillaumeb

(42,649 posts)
1. A universal income? What a Marxist idea.
Mon Nov 28, 2016, 09:10 PM
Nov 2016

Except for the fact that one President already proposed a universal basic income, or UBI. We all know that it was not President Obama, but the President who proposed a UBI was that well known ultra-liberal Richard Nixon.

And the fact that a conservative proposed that idea should not really be a surprise. Today's GOP is dominated by Libertarians, not classic conservatives. A conservative argument for a UBI is that, given that consumer spending makes up 70% of the GDP, a UBI would almost guarantee that the GDP would remain relatively steady. So businesses would know that consumers would always have enough income to keep spending on at least a basic level.

This UBI would allow people to take part time jobs such as Uber type jobs if they wished, with the thought being that the Uber non-living wage job would be in addition to the UBI.

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A universal income? What a Marxist idea. guillaumeb Nov 2016 #1
Yes Marxist :D :D JHan Nov 2016 #2
Yep. JHan Nov 2016 #8
The GOP loves to frame unemployment and/or underemployment guillaumeb Nov 2016 #19
eventually, this pretty much has to be the answer anarch Nov 2016 #3
In my view, the reason that this idea is anathema to todays Libertarian driven GOP guillaumeb Nov 2016 #4
We'll just quote Hayek right back at them.. JHan Nov 2016 #9
I respond with #8. eom guillaumeb Nov 2016 #20
humanitarian missions could largely supplant the current military-industrial profit center anarch Nov 2016 #10
And as others have pointed out, guillaumeb Nov 2016 #21
There's a quote I remember from Jacques Attali about 20 years ago (still true): hatrack Nov 2016 #5
I have always believed that providing a universal minimum income... mike_c Nov 2016 #6
thanks for sharing your story mike.. JHan Nov 2016 #12
who/what provides the revenue stream that WhiteTara Nov 2016 #7
As percentage of GDP for starters... JHan Nov 2016 #11
Thanks for the explanation. WhiteTara Nov 2016 #16
Our GDP is low, for some reasons I won't get into now, but we do produce ;) JHan Nov 2016 #17
So many jobs have been lost to automation that this is probably the only answer alarimer Nov 2016 #13
Germany is very different culturally.. JHan Nov 2016 #14
And one more point about outsourcing -- JHan Nov 2016 #15
Our new government will be "Three Branches Bush on Steroids" by Dec 2017. HughBeaumont Nov 2016 #18
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