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>>>
As of 2017, the city had more than 2.1 million residents older than 18. Giving each a $500 check every month would cost about $12.6 billion annually. Chicago's annual budget for fiscal 2018 was $8.6 billion.
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Anybody have any ideas on just how these clowns
intend to pay for this?
Zim.
And:
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Canadian experiment quickly shows failures of universal basic income
https://www.washingtontimes.com/news/2018/aug/6/universal-basic-income-program-fails-ontario/
. . . .
The government cited the program’s high cost when announcing the termination. This shouldn’t be a surprise. A similar program in the United States with a 50 percent marginal tax on earned income would cost about $250 billion per year if operating nationwide (assuming no adverse consequences of taxation). Get rid of the tax, and it would cost just shy of $1 trillion per year.
. . . .
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(Much was skipped. Article is at the link.)
Zim.
Mad Poet Strikes Again. |
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