What do you think about the Basic Income premise i.e. that everyone should be gu

Jump to Last Post 1-3 of 3 discussions (4 posts)
  1. gmwilliams profile image84
    gmwilliamsposted 7 years ago

    What do you think about the Basic Income premise i.e. that everyone should be guaranteed a

    basic living income?

    https://usercontent2.hubstatic.com/13148133_f260.jpg

  2. lisavollrath profile image92
    lisavollrathposted 7 years ago

    If a basic living income means being handed money for doing nothing, then no, unless the person is so disabled that they are incapable of working.

    If a basic living income means that any person that works 40 or more hours a week should be guaranteed a wage that will cover the rent somewhere in the area where they work, then yes. I think that a full week of work, at even the most menial job, should result in being able to scrape together a living.

    That means having higher wages in places where rents have skyrocketed, like New York and San Francisco. Pretty soon, there won't be a place in either of those areas where a busboy or a fast food worker or an office cleaner will be able to afford to live, even with a significant commute.

    It also means not picking some random number as the minimum wage for the entire nation, and then leaving it set for ages, without raising it. I live in Texas, where the cost of living is significantly lower, and rents are cheaper. A basic living wage down here would be very different than the one necessary in NYC.

    At a time when upper management and CEOs are being paid record salaries and bonuses, perhaps a review of how those on the lowest rungs of the ladder are paid is in order.

    1. Alternative Prime profile image58
      Alternative Primeposted 7 years agoin reply to this

      Let's not forget the FACT that many Americans become "DISABLED" due 2 the Stress, Physical and or Psychological Burdons of their Jobs where they R FORCED 2 Live in or at the Poverty Level while CEO's enjoy a Disproportionately HIGHER Pay.

  3. bradmasterOCcal profile image49
    bradmasterOCcalposted 7 years ago

    The system of earning based on your performance and value to the company exists in many places. But the government both state and federal get in the way of allowing that system to prosper.

    The Income Tax is one of the main causes of unequal distribution of wealth in the country. Ask yourself how did Billionaires actually get to Double their billions after 2008? It is the Internal Tax Code which gives them all sorts of loopholes, while the poor don't need tax loopholes because they really don't pay taxes outside of FICA.

    In 1986 on the premise of lowering taxes for the average person, the Tax Reform Act was passed. The basic mechanism was for us to give up several of our only tax deductions in return for lower taxes. Seemed reasonable, until the taxes went up again a few years later.

    To remove this inequality, we could replace the entire Federal Income Tax system with a National Sales Tax similar to those already used by the states. The Internal Revenue Code would have to be scrapped.

    Don't be fooled by the unconstitutional, yet common practice of giving the rich a high marginal tax rate. The reason is the 1000s of loopholes in the Internal Revenue Code reduce the tax burden of the rich. To the point where ordinary people have been known to pay more taxes than the rich, even though their income is much smaller.

    What is a basic income?
    I guess one view would be something equal to or greater than what is given out as welfare. Welfare money is not taxed, and there is no FICA to pay. That means that a salary for basic income would have to include on top it the FICA and tax withholding to make the two equal.

    The premise should be teaching people to fish, rather than just giving them fish. And the former needs to also include incentives to encourage the people on welfare to leave it. Now, they have to have a substantial amount  more coming from a potential job to offset the costs like baby sitters etc to make the move to employment profitable and reasonable.

    The current paradigm for employment is based on an incestuous model. As the manufacturing and production job long the staff of American employment left in the 1970s and continues decade after decade, we have focused employment on sales and marketing of products imported into this country.

    We no longer have those kinds of jobs. Look where the big employment is today. Amazon, Google, Facebook, and social media. These are the top revenue companies in the country. What is their product? Sales and Market

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)