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Found 2 results

  1. A Guaranteed Basic Income (GBI) of $583 might work in the U.S.A.? Here’s a summary of how this would work from this second article from Business Insider in 2013. Which by the way, initially seems a lot more plausible that the $1000 a month article I linked earlier this week. 1. Settle on a monthly benefit. This 2nd Business Insider article initially proposes $583 a month guaranteed basic income for all Americans. 2. Not universal or for all citizens. But not so fast! The “rich” (anyone making over $60,000 a year) are excluded from this guaranteed income so it’s not universal. So this is essentially a tax on the “rich” and indeed a redistribution proposal. The math is a little fuzzy here. They proposed $500 in one paragraph but $583 is the number used in the example. Benefits are reduced by $233 a year for each $1,000 rise in income over $30,000 a year. The article proposes that someone earning $45,000 would receive a guaranteed basic income of $3500 yearly or $291.67 a month. Anyone earning more than $60,000 a year receives nothing. I did the math myself and this would likely cost about $700 Billion based on a articles I read from Think Progress and this US Census source for 2014 Population, % of Population under 18, % of Population over 65. Here's a breakdown: $30,000 yearly household income would see a GBI benefit of $6,996.00 yearly. Plus $1500 yearly per child. $31,000 yearly household income would see a GBI benefit of $6,763.00 yearly. Plus $1500 yearly per child. $32,000 yearly household income would see a GBI benefit of $6,530.00 yearly. Plus $1500 yearly per child. ... $40,000 yearly household income would see a GBI benefit of $4,666.00 yearly. Plus $1500 yearly per child. ... $45,000 yearly household income would see a GBI benefit of $3,501.00 yearly. Plus $1500 yearly per child. ... $50,000 yearly household income would see a GBI benefit of $2,336.00 yearly. Plus $1500 yearly per child. ... $55,000 yearly household income would see a GBI benefit of $1,171.00 yearly. Plus $1500 yearly per child. ... $65,000 yearly household income would see a GBI benefit of $0.00 yearly. Plus $1500 yearly per child. 3. Adults with children receive an additional benefit. All parents would receive$1500 yearly or $125 monthly per child. I personally think there probably would need to be some sort of maximum benefits for say 4 or 5 children. Assume about 54.2 million children so $81.4 Billion. 4. Seniors (over 65) do not receive this basic income. The argument is senior citizens have social security with an average monthly benefit of $1,3000. I think senior citizens are a huge voting block and would likely never go for this if they were excluded. How to pay for this? From the article. In parenthesis my thoughts. It would potentially eliminate a lot of jobs. It would potentially create a lot of jobs. It would allow those with lower income to use the money where they needed it. What do you think?
  2. Guest

    How to get out of Debt

    Educating your self is really a very tips that i never though i realize that in that way i learn a lot.In Helsinki Finland there are many people now are really into debt and some are encountering konkurssi or bankruptcy and many of them also want to get out of debt.Good thing that i can share it to those people so that they can have idea on getting out of debt.
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