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Elon Musk doubles down on universal basic income: 'It's going to be necessary'


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11 hours ago, Zambroski said:

Nothing will change as far as the ones already receiving a guaranteed subsidy.  What will change is others will do less, living costs will go up and wages will go down because of an influx of the "free money".  I can get real selfish (liberal) and be all for this...I am debt free and financially independent so for me to get my "allotment" from the g'ment would mean I don't spend a fucking dime of my own cash....at all.  Uh oh, here come the rub though for the lib-tards, if someone has worked hard and gotten financially independent, they shouldn't get their "free money"....ummm what?   Or if they are earning good coin, they don't get it either.....again, what? And now we are back to where we are currently.

Socialistic horseshit ideas.  Sorry, I WANT MORE SHIT!  And I'm smart enough and willing to work hard enough to get it.  Or, we could all go back to riding 1976 Yamaha Enticers.

 

The only way this type of thing could be brought in would be over a long period of time. If it were to be a basic income was 15k, it would have to be done over at least five years so as to n ot drive inflation through the roof. The idea is also that everyone gets it, even those making large bank. It is something we will need to look at as population grows and the need for labour shrinks. This could also eliminate welfare completely. No more gaming the system, if you are happy living on nothing so be it, if you want a good life you work for it.

 

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3 minutes ago, Zambroski said:

Maybe 60 percent.  Liberal women shouldn't be spared anyway.  Think of SR's wife.  Good god, I gotta get out there and sweep that nest.

they are two peas in a pod. No way a sane normal women could tolerate that man.

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11 minutes ago, Boered said:

The only way this type of thing could be brought in would be over a long period of time. If it were to be a basic income was 15k, it would have to be done over at least five years so as to n ot drive inflation through the roof. The idea is also that everyone gets it, even those making large bank. It is something we will need to look at as population grows and the need for labour shrinks. This could also eliminate welfare completely. No more gaming the system, if you are happy living on nothing so be it, if you want a good life you work for it.

 

I can see where it may be of benefit and could even work is some countries (and is).  I think we are too fucked up collectively as a nation.  There are already too many on the "take" and to try and put everybody on it, even over a long period would be an amazing economical and social undertaking.  Our "natives" would not stand for it very easily.  The Black vote is still big for the left.  And I'll say it just to fire up Moto, we got a big negro problem here.

I'd sure be interested in an educated and civil discussion about it possibly moving forward in the future (slowly).  

10 minutes ago, Boered said:

they are two peas in a pod. No way a sane normal women could tolerate that man.

Those kids are fucked.

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13 hours ago, Boered said:

The only way this type of thing could be brought in would be over a long period of time. If it were to be a basic income was 15k, it would have to be done over at least five years so as to n ot drive inflation through the roof. The idea is also that everyone gets it, even those making large bank. It is something we will need to look at as population grows and the need for labour shrinks. This could also eliminate welfare completely. No more gaming the system, if you are happy living on nothing so be it, if you want a good life you work for it.

 

$15k x 320 million = $4.8 trillion.   We collect $3.3 trillion in federal taxes of which only around 60% are income taxes and still are spending $1/2-$1 trillion more than we collect.  

Its simply not financially possible.  Besides the people who won't work at all you have the people who will want to work less.

I can't believe people actually discuss this like its possible.  Not one person can post a realistic method of paying for it.  

Edited by Highmark
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2 hours ago, Highmark said:

$15k x 320 million = $4.8 trillion.   We collect $3.3 trillion in federal taxes of which only around 60% are income taxes and still are spending $1/2-$1 trillion more than we collect.  

Its simply not financially possible.  Besides the people who won't work at all you have the people who will want to work less.

I can't believe people actually discuss this like its possible.  Not one person can post a realistic method of paying for it.  

It's going to involve heavy taxes on production. Basically they're going to have to capture a good portion of the excess value of production in order to put enough back into the bottom of the economy to support demand. 

This means heavy taxes on profits, property, and executive pay. 

Edited by motonoggin
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4 minutes ago, motonoggin said:

It's going to involve heavy taxes on production. Basically they're going to have to capture a good portion of the excess value of production in order to put enough back into the bottom of the economy to support demand. 

This means heavy taxes on profits, property, and executive pay. 

Sounds like getting trickled on through taxation

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6 minutes ago, motonoggin said:

It's going to involve heavy taxes on production. Basically they're going to have to capture a good portion of the excess value of production in order to put enough back into the bottom of the economy to support demand. 

This means heavy taxes on profits, property, and executive pay. 

With no increase in the cost of products or services right. :lol:   You guys crack me up.  

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2 minutes ago, motonoggin said:

How would the price of products increase if demand remains steady?

 

No profits, no growth.  No profits, no investment.  Your assumption is demand is the only impact on price.  

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8 minutes ago, Highmark said:

No profits, no growth.  No profits, no investment.  Your assumption is demand is the only impact on price.  

Well, supply and demand usually determines the price of a product, so if the market will bear a price increase, by all means. 

The fact is companies are going to have to get used to lower profits if they want to preserve capitalism. 

When wages tracked productivity much closer there was still growth, still profit. It was just more evenly distributed.

Edited by motonoggin
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2 minutes ago, motonoggin said:

Well, supply and demand usually determines the price of a product, so if the market will bear a price increase, by all means. 

The fact is companies are going to have to get used to lower profits if they want to preserve capitalism. 

 

There is one key factor you seem to miss. The cost of goods and getting them to market. Maybe under your utopia things may be available below the cost of production plus a realistic ROI but in reality that doesn't work. Some products may simply get dropped if they become unprofitable in favour of producing others. If people see the value proposition in a product they will buy and if they don't they won't. It can't get any more basic than that.

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4 minutes ago, motonoggin said:

Well, supply and demand usually determines the price of a product, so if the market will bear a price increase, by all means. 

The fact is companies are going to have to get used to lower profits if they want to preserve capitalism. 

 

Supply and demand are not the only factors.   Contribute yes but sole factor no.   At some point cost of production decreases slow or stop no matter how high the demand or volume.  The cost to produce has a bottom.  Profits are more readily controlled by supply and demand.   

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1 minute ago, Highmark said:

Supply and demand are not the only factors.   Contribute yes but sole factor no.   At some point cost of production decreases slow or stop no matter how high the demand.  The cost to produce has a bottom.  Profits are more readily controlled by supply and demand.   

Well, let's try and find some more excuses to not raise wages and restore some reality to the situation. 

You go first. 

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8 minutes ago, 02sled said:

There is one key factor you seem to miss. The cost of goods and getting them to market. Maybe under your utopia things may be available below the cost of production plus a realistic ROI but in reality that doesn't work. Some products may simply get dropped if they become unprofitable in favour of producing others. If people see the value proposition in a product they will buy and if they don't they won't. It can't get any more basic than that.

Yup, products come and go. Happens all the time.

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6 minutes ago, motonoggin said:

Well, let's try and find some more excuses to not raise wages and restore some reality to the situation. 

You go first. 

Right over your head again.  

I WANT WAGES TO INCREASE NATURALLY!  Technology is NOT THE ONLY THING DEPRESSING WAGES IN OUR COUNTRY.  TOTAL COMPENSATION HAS KEPT MUCH CLOSER TO PRODUCTIVITY THAN YOU WILL ADMIT.  Not every job will pay you a decent living.  Sometimes people must choose jobs/locations that pay well over jobs/locations they love if their skills are not in demand.  We need to put a stop to illegal immigration, we need to fine and jail employers who hire them.   We need to implement a tough means tested system for H1B visa's.   

The formula for increasing worker demand is not that complicated.   Problem is the reasons both sides don't want to do it.  I rarely agree with Chris Mathews of MSNBC but he said it right the night of the election.   Immigration doesn't get fixed because the right wants cheap labor and the left wants the votes.  

Edited by Highmark
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8 minutes ago, motonoggin said:

Well, let's try and find some more excuses to not raise wages and restore some reality to the situation. 

You go first. 

You seem to like the principle of supply and demand when it suits your agenda. What is wrong with supply and demand for what a job pays. Lots of floor sweepers, low demand of open jobs = low pay. A shortage of surgeons with high skill levels, more jobs than people to fill them = high pay.

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56 minutes ago, ICEMAN! said:

I skimmed through the last 5 pages, and what it reveals (no surprise) is that most of you guys are morons.

motonoggin is right on this, or at least far closer to be being right than the rest of you 

You're an idiot.  Sorry,

54 minutes ago, Highmark said:

With no increase in the cost of products or services right. :lol:   You guys crack me up.  

Me too.  It;s fucking la la land city.

52 minutes ago, motonoggin said:

How would the price of products increase if demand remains steady?

 

Weren't you just telling me I know nothing about economics.  SMH

50 minutes ago, Highmark said:

No profits, no growth.  No profits, no investment.  Your assumption is demand is the only impact on price.  

You forgot any incentive.  These people think that business will just "SUCK IT" and keep producing for next to no profits.  That's why Cuba is such a production paradise of goods and services.  A nation flush with cash!

LOL

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Just now, Zambroski said:

You're an idiot.  Sorry,

 

Hmmmmm, who to believe...

Bill Gates, Elon Musk, Stephen Hawking, Nik Hannauer, many other really really really smart and successful people around the world 

or

Zombroski of FSCE

 

:lmao:

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3 minutes ago, ICEMAN! said:

 

Hmmmmm, who to believe...

Bill Gates, Elon Musk, Stephen Hawking, Nik Hannauer, many other really really really smart and successful people around the world 

or

Zombroski of FSCE

 

:lmao:

are you suggesting that any of these people sell their products at a loss or even a slim profit margin

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3 minutes ago, ICEMAN! said:

 

Hmmmmm, who to believe...

Bill Gates, Elon Musk, Stephen Hawking, Nik Hannauer, many other really really really smart and successful people around the world 

or

Zombroski of FSCE

 

:lmao:

Zambroski of FSCE.

 

 

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9 minutes ago, Zambroski said:

You're an idiot.  Sorry,

Me too.  It;s fucking la la land city.

Weren't you just telling me I know nothing about economics.  SMH

You forgot any incentive.  These people think that business will just "SUCK IT" and keep producing for next to no profits.  That's why Cuba is such a production paradise of goods and services.  A nation flush with cash!

LOL

Profit is incentive.  I mentioned that.   Investment can be in your own business or others.  

Edited by Highmark
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