Quote (dro94 @ Apr 22 2019 04:53am)
Not only are unemployment statistics misleading due to the omission of those leaving the workforce permanently, it doesn't indicate the quality of jobs that are being created.
Most of the new jobs are low skilled like those in retail.
I'm sure you have a reputable link for this exciting information. :/
/e Yang's theory on how to pay for this UBI, is to raise everyone's taxes by 15%, including the biggies like Amazon. In other words take away their deductions, and expect them to stay in the US.
So... you (the average person) pay 50% of your income in taxes...and get $1000/month back. Sounds just like another Obama plan. Here's the world, and there's no one to pay for it.
/e So, let's say you make $80,000 a year, you give $40,000 in taxes and get $12,000/year back. Seems like a net loss of $28,000/ year. If you think you can't afford college, healthcare, etc., now, when you only pay ~ 33% in taxes... well I've got news for you.
His plan assumes the giant companies will just agree to this for everyone's well being. They won't. They'll move out of the US. They can afford to do things like that.
This post was edited by Ghot on Apr 22 2019 03:27am