Universal Basic Income; 'bout time or batshit crazy?

esh dov ets

esh dov ets

Well-Known Member
ANC said:
$2000 x 326 million x 12 =$7.8 trillion
Target for tax revenue in 2016 was 3.5 trillion.

Who is going to pay it?
Click to expand...
tax income over 400,000 a year and holdings over say a billion; that will cover it. the military budget should be on the table before the social security budget . i also propose making ubi around $1000 not 2000 if you are looking for easy money another way is to tax giant corporations.
 
Lucky Luke

Lucky Luke

Well-Known Member
Just thought id share Australias tax rate for anyone comparing. Under 18k no tax payable.

Current Resident Tax Rates 2017 - 2018
Taxable income Tax on this income
$0 – $18,200 Nil
$18,201– $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for every $1 over $180,000

https://exfin.com/australian-tax-rates
 
ttystikk

ttystikk

Well-Known Member
esh dov ets said:
tax income over 400,000 a year and holdings over say a billion; that will cover it. the military budget should be on the table before the social security budget . i also propose making ubi around $1000 not 2000 if you are looking for easy money another way is to tax giant corporations.
Click to expand...
A tax on holdings is a long shot. But high taxes on earnings over the first million. Tax on wages lower than tax on capital gains, investment income, real estate sales, etc. It ends up being an incentive to keep the money in the economy.
 
ttystikk

ttystikk

Well-Known Member
Lucky Luke said:
Just thought id share Australias tax rate for anyone comparing. Under 18k no tax payable.

Current Resident Tax Rates 2017 - 2018
Taxable income Tax on this income
$0 – $18,200 Nil
$18,201– $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for every $1 over $180,000

https://exfin.com/australian-tax-rates
Click to expand...
But look at what Australians get for their investment in the common welfare.
 
Lucky Luke

Lucky Luke

Well-Known Member
ttystikk said:
But look at what Australians get for their investment in the common welfare.
Click to expand...
o yea..and we also get the employer paying into our nominated private super fund and 4 weeks paid holiday pay. So that doesnt come out of the workers pocket.

Our Heath care levy adds another 2% to that figure (around about and without going into the ins and outs of accounting "stuff"). Well worth the 2% i might add for Free to end user heath care for the entire population
 
Justin-case

Justin-case

Well-Known Member
ttystikk said:
Where did you read that?
Click to expand...
main page, in resources



Becoming and established Member
How to get the most out of Rollitup.org

Watch This Resource
  1. Established members are members that have a few extra perks because they contributed something useful to this site. It's actually not hard to become an established member, but it does require some minimal effort... Specifically, you become an established member 48 hours after you register AND 3 different existing established members "Like" a post you wrote (asking users publicly or privately for "Likes" will get you banned).

    Extra privileges that you get when you become an established member:
    • You can Like content (Liking dumb things to try and help someone become established will get you banned).
    • You can participate in areas that are problematic at times (for example Politics & Religion).
    • You can post links (links are nofollow).
    • You can have a signature (links are nofollow).
    Please keep in mind that it's 48 full hours after you sign up (not "2 days"). Also, it can take up to an hour for the promotion to happen (there is an hourly process that checks for promotions for users that have visited the site recently).
    ReportLike
    kharl, Youngric, Resinman1921 and 314 others like this.
Rate This Resource:
Recent Reviews

  1. Tankado78
    Gave it all 5 stars, because without it, I never would've really known. I'm an active member n I'm always looking to learn more about site n how to make my 'ranks' go up. Thank you.
    Thursday at 11:15 PMReport

  2. LetsGetCritical
    48 hours is 2 days
    Apr 17, 2017Report

  3. Bnc1127
    thanks for the info
    Apr 15, 2017Report

  4. Jon E. Doe
    Good deal, thanks!
    Mar 11, 2017Report

  5. Islandgrowerx
    Great info thanks
    Feb 28, 2017Report

  6. tpc_mikey
    Pretty simple to follow
    Feb 10, 2017Report

  7. Thaddeus Thundabuds
    Straight and to the point
    Dec 15, 2016Report

  8. lurch74
    great site
    Oct 29, 2016Report

  9. thewanderingjack
    This page shows up as unreadable for new members, so the guidelines here are wasted on the people who may need them.

    Who decides what's "dumb"? Plenty of dumb things are posted, to the amusement of the community and without harming anyone.
    Aug 5, 2016Report

  10. CannaBruh
    Came across this searching for a terms of use agreement, or rules FAQ. Thank you for the nice write up!
    Jun 27, 2016Report
Read all 83 reviews...
Admin
First Release:
Apr 13, 2014
Last Update:
Apr 13, 2014
Category:
Rollitup Tips And Guides
All-Time Rating:
83 votes
Discuss This ResourceReplies: 111, Latest: May 25, 2017
More Resources from Admin
How To Change Avatar
The picture that goes with your username, is easily changeable
Share This Page
 
postickslim

postickslim

Well-Known Member
God bless the working man! That includes Woman working man too.

I love the United States of America the greatest country in the world.

550,000 people in the state of South Carolina are pensioners. That pension system is 27 billion in the red. Illinois is insolvent and probably much larger in terms of pensioners.

These folks put time in and they will not reap full benefit value. Now how is that Universal income thing looking now........
 
ttystikk

ttystikk

Well-Known Member
postickslim said:
God bless the working man! That includes Woman working man too.

I love the United States of America the greatest country in the world.

550,000 people in the state of South Carolina are pensioners. That pension system is 27 billion in the red. Illinois is insolvent and probably much larger in terms of pensioners.

These folks put time in and they will not reap full benefit value. Now how is that Universal income thing looking now........
Click to expand...
America is a great country, yet still an imperfect union. Making it better is an act of love, not hate. Love for our fellow Americans and for all of our children.

I'm not feeling the love from the upper class these days, so it's time to remind them that no one in America is better than anyone else.
 
ttystikk

ttystikk

Well-Known Member
Lucky Luke said:
Just thought id share Australias tax rate for anyone comparing. Under 18k no tax payable.

Current Resident Tax Rates 2017 - 2018
Taxable income Tax on this income
$0 – $18,200 Nil
$18,201– $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for every $1 over $180,000

https://exfin.com/australian-tax-rates
Click to expand...
This would be a good schedule for America as well. I'd add one more; above one million, tax would be 2/3.
 
SneekyNinja

SneekyNinja

Well-Known Member
ANC said:
That is just the number of employed
$3.5 trillion divided by the number of employed means a tax income of about $11000 per person.

Paying every employed person $2000 per month will cost more than double your total current tax bill.
Click to expand...
Stopping Corporate Welfare and making sure they pay their fair share goes a long way to covering that.

The massively increased spending power of the population has a feedback mechanism to it too, it's an interesting experiment and one worth doing.
 
F

fdd2blk

Well-Known Member
ttystikk said:
America is a great country, yet still an imperfect union. Making it better is an act of love, not hate. Love for our fellow Americans and for all of our children.

I'm not feeling the love from the upper class these days, so it's time to remind them that no one in America is better than anyone else.
Click to expand...

What are you doing to help the homeless? I have yet to see you start a thread about them. Do you even care?
 
You must log in or register to reply here.
Top