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https://www.cbc.ca/news/canada/toronto/ ... -1.4768626

Ontario Canada ends basic income experiment. Not sustainable. Yah think.

G26ster wrote: ↑Tue Jul 31, 2018 12:55 pm

apostate wrote: ↑Tue Jul 31, 2018 12:42 pm How is this fundamentally different from the Permanent Fund Dividend in Alaska?

The Alaska dividend is derived from funds the state receives from private companies that are harvesting Alaskan resources for profit. The funds are invested and the residents of the state get to share in the income derived from those investments. IOW, Alaskan residents are sharing in profits the state makes from the sales of resources that are owned by its residents. The last year I lived there, it was less than $300 annually. Not anything like the Stockton proposal.

I checked Alaska does not have a State income or sales tax. So they are not doing a slight of hand trick.


Any basic income would have to be just an income redistribution system. Take from everyone working and give to everyone working or not. Only way it could possibly be better if it is more efficient than the current system by eliminating government workers. If all the other things stay in place, then a massive tax increase would be required to have the extra funds to redistribute.

Houston can’t pay its bills now. Dallas I heard was worse. California is so underwater, I’m sure once a Dem government happens there will have to be a federal bailout.

One of the thoughts is that you take all government welfare type social services and programs and you end them. In theory this leaves you with a lot less government. You then take that money and give everyone man woman and child a check every month. Rich or poor they get a check.

It takes a lot of high priced, large pension, people to manage all these programs for the government. They have buildings they work in. They need phones insurance, computers, pensions, air conditioning, furniture, janitors, cars to drive around in while they manage the services they give to the public.

For every dollar that these programs actually give out to a person in need or a person who knows how to scam the system, how much does the management of the program cost. A dollar, ten dollars, eighty five dollars? Most not for profit charities hover around the 80% range, the Clinton's at the 95% range.

Seems like it would work, except, well its the government, so they would mess it up. Then the people in need would mess it up, they would still want the free rent, free food, credit cards, there would still be children with no lunch showing up for school hungry.

I'm not sure what we do when robots are doing everything. A basic income may be the only answer.

A robot income tax is not far off.

Yeah and for sure rich middle class people would get taxed on their basic income, you just know that would happen.