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A Guaranteed Basic Income of $583 might work in the U.S.A.?


GoldenEagle

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43 minutes ago, FresnoJoe said:

Beloved There Is Only One Way

Except the Lord build the house, they labour in vain that build it: except the Lord keep the city, the watchman waketh but in vain. Psalms 127:1

To Build A Nation

If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land. 2 Chronicles 7:14

IMO

Hey brother Joe! :thumbsup: 

From an eternal perspective the only thing we can do is pray and await for Christ's return. With the current polarization of the parties in the U.S. and the new politician in Trump I think change might be good for the country. I don't think the American people will humble themselves before God. I think things are going to get worse before they get better. We should not expect or hope for a heaven on earth... Yet we should still try to affect change and an open dialogue is one way to do that.

God bless,
GE

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11 minutes ago, GoldenEagle said:

Until I read this article I wasn't in favor of any form of wealth redistribution either. Wouldn't even contemplate it or listen to the other side. Then after reading the comments of folks who are living at under $60,000 a year it made me rethink my position. Particularly after hearing of one family of 4 who make $25,000 a year. This kind of program would allow the parents to go back to school for example and get better education. It allows the family who makes less than $900 a month and $600 in WIC to have more flexibility.

Perhaps an elimination in other forms of taxes then might be in order? Surely we can all agree we need to re-shuffle the U.S. federal and state budgets? I had to go back and look up what carbon tax stood for. Here's a good working definition: a tax on fossil fuels, especially those used by motor vehicles, intended to reduce the emission of carbon dioxide.

As a homeowner I'm not keen on the idea of reducing mortgage interest deductions either. It's a big incentive for homeowners. Whether it's a well developed myth or an actual benefit would be interesting to discuss. Assuming for a minute you would be for this GBI what would you cut from the federal budget instead?

I wonder if this stance makes me shift from a conservative to a more progressive in fiscal terms? LOL

God bless,

GE

The elimination of the mortgage reduction tax could make it difficult for current homeowners to keep their home. 

A carbon tax is nothing more than a global warming scheme. We already pay many taxes to pay for roads etc. 

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6 minutes ago, ayin jade said:

The elimination of the mortgage reduction tax could make it difficult for current homeowners to keep their home. 

A carbon tax is nothing more than a global warming scheme. We already pay many taxes to pay for roads etc. 

Fair enough sister. :thumbsup: What about the other questions I asked?

1. Surely we can all agree we need to re-shuffle the U.S. federal and state budgets? (The system is in need of a re-haul.)

2. Assuming for a minute you would be for this GBI, what would you cut from the federal budget instead (of mortgage tax reduction or carbon tax)?

3. What in your mind would be a reasonable, cost effective alternative to Guaranteed Basic Income (GBI) in dealing with the current situation we are in with how welfare is handled in the U.S.?

God bless,

GE

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16 minutes ago, GoldenEagle said:

I'm not sure if it's a scheme. It certainly is different than anything we have going currently. This would allow people who have an income of say $900 a month and WIC of $650 a month flexibility in order to better pay their bills for example. Can you see it from that perspective?

God bless,

GE

Possibly. But it is not for everyone.

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1 minute ago, bopeep1909 said:

Possibly. But it is not for everyone.

Correct it is not for everyone. Who said it was? This would only be for people making less than $60,000 a year or 54% of working Americans.

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I think it is socialism and would fail in the long run. I believe that a flat tax of 5 cents on every dollar earned, even on the wealthy and the poor, would be a fair solution. Even if you believe that the 5 cents would be more of a burden for the poor than the rich, then the government could deal with that on a case by case basis. At least everyone would be paying the same tax, it's just that the richest 1% would be paying more in actual dollars, not percent.

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Blessings(Great to see you Golden Eagle!!!)

     It sounds like socialism to me to? Do you think so & if not,why?    Just askin,,,,lol                    With love-in Christ,Kwik

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52 minutes ago, kwikphilly said:

Blessings(Great to see you Golden Eagle!!!)

     It sounds like socialism to me to? Do you think so & if not,why?    Just askin,,,,lol                    With love-in Christ,Kwik

Hi Kwik! :)

The current system we have in the U.S. is socialistic in nature in some ways. Welfare programs in the U.S. such Feeding programs (WIC), Social Security, Medicaid, Food Stamps (SNAP), Earned Income Tax Credits, Child Nutrition Programs (CHIP), Affordable Care Act (ACA or Obamacare), etc. are all socialistic in nature. They are our reality and cost somewhere around 800 Billion a year.

Some welfare programs date back to FDR's New Deal and other later government programs. This Guaranteed Basic Income (GBI) is a different proposal to streamline the process, eliminate so many government programs, and allow more freedom to those who are the poorest among us. Another recession is coming (a combination of bubble burst on student loans and the U.S. national debt) and we Americans (both conservative and liberal) need to open a dialogue as to what to do about it.

Like the New Deal, we need some kind of change such as a "New Welfare Deal" to try to change things before the recession hits in my opinion. I just think our current system is broken. Does that make sense? We need to be hearers and doers of the Word. What do you think?

God bless,
GE

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1 hour ago, Rick_Parker said:

I think it is socialism and would fail in the long run. I believe that a flat tax of 5 cents on every dollar earned, even on the wealthy and the poor, would be a fair solution. Even if you believe that the 5 cents would be more of a burden for the poor than the rich, then the government could deal with that on a case by case basis. At least everyone would be paying the same tax, it's just that the richest 1% would be paying more in actual dollars, not percent.

Finally an alternative! Thanks Rick. :thumbsup:

Have you run the numbers to see if this flat tax will work? How would you account for investments and dividends? What was the U.S. federal budget in 2015? How much would it take to run the government this way in 2017?

God bless,

GE

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I can't answer your questions because I don't believe the numbers that the government gives us. It is a corrupt, closed system; without transparency. The rich and powerful are very adept at hiding their true incomes, a lot of it comes from criminal activities and I believe a vast majority of it is hidden in offshore accounts that only aggressive government investigation and intervention can find. Also, the number of truly deserving poor is vastly under reported with massive fraud taking place. Again, aggressive government action to weed out such fraud is needed to obtain an accurate number. And since no one wants the government to have all that information........we will never have a fair system. That's why we need GOD's government.

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