« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Chicago Officials Looking at Universal Basic Income Program 

By: capt_nemo in POPE 5 | Recommend this post (1)
Sun, 12 Aug 18 9:23 AM | 46 view(s)
Boardmark this board | Pope 5
Msg. 05766 of 62138
(This msg. is a reply to 05765 by Zimbler0)

Jump:
Jump to board:
Jump to msg. #

There is no link, Ya forgot to delete the s on HTTPS.....................




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
- - - - -
The above is a reply to the following message:
Re: Chicago Officials Looking at Universal Basic Income Program
By: Zimbler0
in POPE 5
Sun, 12 Aug 18 8:37 AM
Msg. 05765 of 62138

>>>
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.
>>>

Anybody have any ideas on just how these clowns
intend to pay for this?
Zim.

And:

>>>
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.
. . . .
>>>

(Much was skipped. Article is at the link.)
Zim.


« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next