Milton Friedman, (an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy), proposed the idea of a negative income tax (NIT), which effectively sanctioned a basic income for all, in his book Capitalism and Freedom published in 1962.
In his 1964 State of the Union address, U.S. President Lyndon B. Johnson introduced legislation to fight the "war on poverty". Johnson believed in expanding the federal government's roles in education and health care as poverty reduction strategies. In this political climate, the idea of a guaranteed income for every American also took root. Notably, a document, signed by 1200 economists, called for a guaranteed income for every American.
Succeeding President Richard Nixon explained its purpose as "to provide both a safety net for the poor and a financial incentive for welfare recipients to work." Congress eventually approved a guaranteed minimum income for the elderly and the disabled.
Andrew Yang, American businessman, attorney, lobbyist, and politician. Founder of Venture for America, and a 2020 Democratic presidential candidate[79][80]
Tulsi Gabbard, former U.S. Representative for Hawaii's 2nd congressional district, and a 2020 Democratic presidential candidate[81]
Mark Zuckerberg, founder of Meta Platforms[82][83]
Jeff Bezos, founder of Amazon[84]
Bill Gates, founder of Microsoft[85][note 1]
Tim Cook, CEO of Apple[86]
Larry Page, co-founder of Google[87]
....oh never mind.
The ideal goal would be for every SOB that is advancing these goals, to be drummed out of the country. Yeah right!
Yeah. All you need is a source for the money generation to pay these gimmes. Are you so dumb to not realize that “money does not grow on trees?” Money needs to be earned with labor or it has no meaning. UBI on a grand scale will bring down the monetary system.
Proponents of UBI argue that basic income could increase economic growth because it would sustain people while they invest in education to get higher-skilled and well-paid jobs.[63][64]
Advocates contend that the guaranteed financial security of a UBI will increase the population's willingness to take risks,[66] which would create a culture of inventiveness and strengthen the entrepreneurial spirit.[67]
According to statements of American Enterprise Institute-affiliated Libertarian/conservative scholar Charles Murray, recalled and sanctioned in 2016 by the George Gibbs Chair in Political Economy and Senior Research Fellow at the Mercatus Center at George Mason University and nationally syndicated columnist[69][70] Veronique de Rugy, as of 2014, the annual cost of a UBI in the US would have been about $200 billion cheaper than the US system put in place at that date.[71] By 2020, it would have been nearly a trillion dollars cheaper.[72]
According to Swiss economist Thomas Straubhaar, the concept of UBI is basically financeable without any problems. He describes it as "at its core, nothing more than a fundamental tax reform" that "bundles all social policy measures into a single instrument, the basic income paid out unconditionally."[74]
Regarding the question of basic income vs jobs, there is also the aspect of so-called welfare traps. Proponents of basic income often argue that with a basic income, unattractive jobs would necessarily have to be better paid and their working conditions improved, so that people still do them without need, reducing these traps.[86]
Well, the government is lying and wants to get rid of us so, no. But if they were still good, then yes, it might be a good thing, though a lot of people wouldn't know what to do with themselves and that would be a problem. Before the Vax, I was in favor of UBI.
Hahahahahaha! Boy have you been sucked into a bunch of BS by the extremists on the Left.
Money has to be generated by some sort of human activity. I will bet you think food stamps are a human right too. You are just a little Left of Bernie Sanders, and I will tell you a secret. During the next four years, your opinion means absolutely nothing, Leftie.
You are not my friend. I swore this year I would not let you haters get away with shit and I won’t. I have noticed others on the blog are starting to not put up with your BS also. Just keep proselytizing, I will keep calling out your BS.
"UBI was the “solution” of the up-coming AI generation in California" NOT!
The excuse to stay home and pretend they are working. Isn’t that the description of UBI? NO IT ISN'T !
You need to broaden you reading my friend..
https://en.wikipedia.org/wiki/Universal_basic_income
Milton Friedman, (an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy), proposed the idea of a negative income tax (NIT), which effectively sanctioned a basic income for all, in his book Capitalism and Freedom published in 1962.
In his 1964 State of the Union address, U.S. President Lyndon B. Johnson introduced legislation to fight the "war on poverty". Johnson believed in expanding the federal government's roles in education and health care as poverty reduction strategies. In this political climate, the idea of a guaranteed income for every American also took root. Notably, a document, signed by 1200 economists, called for a guaranteed income for every American.
Succeeding President Richard Nixon explained its purpose as "to provide both a safety net for the poor and a financial incentive for welfare recipients to work." Congress eventually approved a guaranteed minimum income for the elderly and the disabled.
https://en.wikipedia.org/wiki/List_of_advocates_of_universal_basic_income
S. Robson Walton, former Walmart Chairman[57]
Andrew Yang, American businessman, attorney, lobbyist, and politician. Founder of Venture for America, and a 2020 Democratic presidential candidate[79][80]
Tulsi Gabbard, former U.S. Representative for Hawaii's 2nd congressional district, and a 2020 Democratic presidential candidate[81]
Mark Zuckerberg, founder of Meta Platforms[82][83]
Jeff Bezos, founder of Amazon[84]
Bill Gates, founder of Microsoft[85][note 1]
Tim Cook, CEO of Apple[86]
Larry Page, co-founder of Google[87]
....oh never mind.
The ideal goal would be for every SOB that is advancing these goals, to be drummed out of the country. Yeah right!
Obummer got the Novel Prize for doing what he does best, nothing. I'm not impressed.
Yeah. All you need is a source for the money generation to pay these gimmes. Are you so dumb to not realize that “money does not grow on trees?” Money needs to be earned with labor or it has no meaning. UBI on a grand scale will bring down the monetary system.
Nonsense!
Proponents of UBI argue that basic income could increase economic growth because it would sustain people while they invest in education to get higher-skilled and well-paid jobs.[63][64]
Advocates contend that the guaranteed financial security of a UBI will increase the population's willingness to take risks,[66] which would create a culture of inventiveness and strengthen the entrepreneurial spirit.[67]
According to statements of American Enterprise Institute-affiliated Libertarian/conservative scholar Charles Murray, recalled and sanctioned in 2016 by the George Gibbs Chair in Political Economy and Senior Research Fellow at the Mercatus Center at George Mason University and nationally syndicated columnist[69][70] Veronique de Rugy, as of 2014, the annual cost of a UBI in the US would have been about $200 billion cheaper than the US system put in place at that date.[71] By 2020, it would have been nearly a trillion dollars cheaper.[72]
According to Swiss economist Thomas Straubhaar, the concept of UBI is basically financeable without any problems. He describes it as "at its core, nothing more than a fundamental tax reform" that "bundles all social policy measures into a single instrument, the basic income paid out unconditionally."[74]
Regarding the question of basic income vs jobs, there is also the aspect of so-called welfare traps. Proponents of basic income often argue that with a basic income, unattractive jobs would necessarily have to be better paid and their working conditions improved, so that people still do them without need, reducing these traps.[86]
Geez, Denis - it's all pearls before swine. Not sure why you bother showing off your powerful intellect around this shaking shack...
Maria, I am not that smart, I just know how to use the resources that the wonderful internet makes available to everyone of us.
Every one of us that is not closed minded that is.
Well, the government is lying and wants to get rid of us so, no. But if they were still good, then yes, it might be a good thing, though a lot of people wouldn't know what to do with themselves and that would be a problem. Before the Vax, I was in favor of UBI.
Hahahahahaha! Boy have you been sucked into a bunch of BS by the extremists on the Left.
Money has to be generated by some sort of human activity. I will bet you think food stamps are a human right too. You are just a little Left of Bernie Sanders, and I will tell you a secret. During the next four years, your opinion means absolutely nothing, Leftie.
I suppose you think Milton Friedman was a "leftie." LOL
One thing you excel at, my friend - putting labels on people.
Better you go onto READ ONLY mode - and stop making a fool of yourself.
You are not my friend. I swore this year I would not let you haters get away with shit and I won’t. I have noticed others on the blog are starting to not put up with your BS also. Just keep proselytizing, I will keep calling out your BS.
Name me one thing I have expressed hate for in any of my posts?
Aside from your male bovine excrement and preaching.
Proselytizing? Come on man! That's your hobby!
Your hatred of those with left wing ideas is crippling you my friend!