Search the Community

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?

Dear Administrators, I am not sure how to get in touch with you during this makeover time period. I know that you used to be listed at the bottom of the home page...So I ended up posting the following idea both under General Discussion and Fellowship Hall. I did send a pm to George regarding this matter already and he encouraged me to move forth. But then I forgot to ask him what my next move should be. What I am attempting to explain is- I didn't know if you, the administrators were the next to contact as to the 'how-tos' to get this forum going. Anyway, I believe a forum for the middleaged-on-up ( let's just call us lol the'not as youthful ones' ) could be a beneficial addition to Worthy. For we sometimes naturally have different concerns than those not yet where we now find ourselves in life do. So we'd have a unique perspective on how to relate to blessing others our own age. This could be a free flowing forum...sharing God's workings over decades of time, issues we could use a hand up on ( Ex: health issues more common to folks higher in their years) and 'ancient' memories, bringing a smile to the faces of those who went through those exact time periods and had similar experiences. Some of those here were not yet born, so it is 'Greek to them.' That's why they have a Youth Forum. In a way, we come from two different worlds...though we share Jesus Christ in common. We could share struggles and edify in this OLDIES BUT GOODIES ( I'd love to title it that) forum. But we could also re-live the joys we've encountered over the years from our blessed Redeemer. This way we would be uplifting ourselves as we 'take a walk down memory lane', as well as bringing smiles to the other members hearts. But most of all, it could be a way of praising the Lord. Instead of 'what are you thankful for today' ( a forum we already have), it would be more like sharing our praises for things God did for us in the distant past. That is important too. Scripture says, "I remember the days of old; I meditate on all Your works; I muse on the work of Your hands." Psalm 143:5 So I see the idea of this forum as a plus to this site. I hope that you, the administrators will like this concept and will help me set it up. GBU.