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SickOfTheOnePct

(8,407 posts)

79. That's over 10 years though

Thu Jul 10, 2025, 09:45 AM

Jul 10

The money has to be paid out in the tax year, no?

So, bring in $2.6 trillion to pay a $7 trillion bill, and what is left to invest? And where does the other $4.4 trillion come from to pay for the first year?

Using the numbers from July 8, dollar volume of trades was $332,507,515,420, for an average share price of $38.71.

While someone trading $500 shares might not mind a .2% tax, someone trading $35 shares most likely would mind paying a 2.8% tax.

Not to mention that $20,000 isn't enough for anyone to live on...another poster suggested $52,000/year, which is a more realistic amount, but then the cost becomes even higher.

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Universal Basic Income [View all] DanBaron Jul 9 OP

The oligarchy will never allow it. CentralMass Jul 9 #1

Fight the oligarchy markie Jul 9 #3

No Offense DanBaron Jul 9 #4

I agree, f'ck them, but they will never allow it. CEO and companies have already started to treat employees CentralMass Jul 9 #12

I doubt this will ever happen bucolic_frolic Jul 9 #2

Right DanBaron Jul 9 #5

What Would You Suggest DanBaron Jul 9 #6

Inflation caused as much by ... Dave says Jul 9 #7

M1 DanBaron Jul 9 #9

Yes Dave says Jul 9 #11

Economics DanBaron Jul 9 #15

UBI is a good idea but will not get homeless people off the Street by itself standingtall Jul 9 #8

Social Support DanBaron Jul 9 #10

Right. I dont think it is the worst place to put money, but I imagine it would be better spent on more comprehensive and SSJVegeta Jul 9 #59

I'm not familiar with the Utah program standingtall Jul 9 #62

Agreed. The B is for Basic TheProle Jul 9 #23

Local homeless advocates and the city have a nice program for getting some off the streets. Igel Jul 9 #54

Dead spot on melm00se Jul 9 #64

Agree. But I worry for your shift key n/t leftstreet Jul 9 #13

Writing DanBaron Jul 9 #14

Germans capitalize nouns, don't they? Oopsie Daisy Jul 9 #28

Right DanBaron Jul 9 #30

I'll be honest with you, in English it's more distracting than emphatic. Oopsie Daisy Jul 9 #34

Yeah DanBaron Jul 9 #37

They also write their compounds joined. Igel Jul 9 #55

Amazingly, Musk was talking about this around 2017. n/t OneGrassRoot Jul 9 #16

Medicare For All DanBaron Jul 9 #17

Musk's actions speak louder that wirds. He callousely fire people, CentralMass Jul 9 #49

Because this has actually been discussed about since the 80s Blue Full Moon Jul 9 #67

This is conservative economist, Milton Friedman's, Negative Income Tax. Tarzanrock Jul 9 #18

I agree, but unlikely until senate is apportioned by population SheltieLover Jul 9 #19

If you do that, might as well just abolish it or merge it with the House. Igel Jul 9 #56

Recruiting DanBaron Jul 9 #20

What would you see as being the floor for UBI? n/t SickOfTheOnePct Jul 9 #21

UBI Payment Amounts DanBaron Jul 9 #22

I think the thing is that true UBI SickOfTheOnePct Jul 9 #24

Agreed DanBaron Jul 9 #25

$1000 per week sounds good MichMan Jul 9 #44

So approximately SickOfTheOnePct Jul 9 #47

What about taxing all income over $100k at 50% and all income over $500k at 75% ? MichMan Jul 9 #72

Sure way to lose elections SickOfTheOnePct Jul 9 #73

They would all be getting $50k UBI though MichMan Jul 9 #74

That would bring in SickOfTheOnePct Jul 10 #75

Right On DanBaron Jul 10 #83

Numbers that won't actually pay the bills n/t SickOfTheOnePct Jul 10 #84

Are You Certain? DanBaron Jul 10 #85

I showed a ballpark of the numbers SickOfTheOnePct Jul 10 #86

Numbers DanBaron Jul 10 #87

No, I'm not going to repost SickOfTheOnePct Jul 10 #88

It was sarcasm. Scrivener7 Jul 11 #91

Nope DanBaron Jul 11 #92

You're on a discussion board. Scrivener7 Jul 11 #93

Furthermore DanBaron Jul 9 #26

If every adult got $20k per year Greg_In_SF Jul 9 #27

Damn DanBaron Jul 9 #29

Unless DanBaron Jul 9 #31

American GDP DanBaron Jul 9 #32

That's about the combined wealth of US billionaires leftstreet Jul 9 #33

Yep, but the problem is Greg_In_SF Jul 9 #36

For one year. Igel Jul 9 #57

Anti poverty programs (SNAP, WIC, Section 8, Medicaid) could be eliminated MichMan Jul 9 #45

Increasing taxes on 6 figure earners Greg_In_SF Jul 9 #46

Exactly SickOfTheOnePct Jul 9 #48

Has to happen. No jobs even high paying ones soon. Blue Full Moon Jul 9 #35

I Think That You Are Right DanBaron Jul 9 #38

This article is recent Blue Full Moon Jul 9 #41

Maybe More Recs? DanBaron Jul 9 #39

Simplifying the Federal Bureaucracy DanBaron Jul 9 #40

Ah...there it is n/t leftstreet Jul 9 #42

NIH And Others DanBaron Jul 9 #43

I believe it is time to start talking about the platform. pecosbob Jul 9 #50

Noble aims perhaps, but near impossible to get them all SickOfTheOnePct Jul 9 #52

Good Ideas DanBaron Jul 9 #53

I think Im against UBI. But I'm also not particularly attached to that opinion. SSJVegeta Jul 9 #51

Looking at the numbers SickOfTheOnePct Jul 9 #58

The Nordic Countries DanBaron Jul 9 #61

Ya think? Scrivener7 Jul 10 #77

We can start LilElf70 Jul 9 #60

It's simple, but kind of a cop out. IMO more needed is housing, health care, food scipan Jul 9 #63

Every day +/- 8.5 Billion shares change hands in the U.S. markets. Tarzanrock Jul 9 #65

Right On DanBaron Jul 9 #68

It would take SickOfTheOnePct Jul 9 #69

$50,000 billions is equal to $50 trillion. Tarzanrock Jul 10 #76

That's over 10 years though SickOfTheOnePct Jul 10 #79

Albuquerque has a basic income pilot program womanofthehills Jul 9 #66

Not universal; easy to fund a program for 100 people MichMan Jul 9 #70

Nixon advocated for it H2O Man Jul 9 #71

Never happening durablend Jul 10 #78

Even if we had the presidency, both houses of Congress, and the Supreme Court... mucholderthandirt Jul 10 #80

This message was self-deleted by its author Prairie_Seagull Jul 10 #81

The important thing to remember about UBI BannonsLiver Jul 10 #82

Automation tax to fund UBI... JCMach1 Jul 10 #89

If my wife's experience as a social worker is any indication DFW Jul 10 #90