Is the amount of universal basic income higher or lower than the minimum wage ??
And with no payment of taxes, what incentive is there for those people to vote for candidates that can implement a sustainable system, instead of pols who will instead 'break the bank' for votes ??
These folks long term best interests lie in being satiated at a level the rest of the people paying for it can sustain.
Perhaps a 'more workable' solution is to just arbitrarily draw a line at 3%, or 4.02% (or whatever) of the population and the folks below the line are 'poor' and the people above it are not. Curiously, the folks in the government tracking the poverty rate will be out of jobs because the poverty rate will simply be defined as a constant %, regardless of what the number might be under the current system. But so it goes.
Also, a similar idea can 'fix' social security. Arbitrarily decide how many workers there will be per retiree in perpetuity, and work out the retirement age from that.
So, for example, if we decide there will be 10 workers per retiree, then the 'average' worker will work 10 days for each day of social security they get, on average. Actuaries can figure out the retirement age annually and project them into the future.
If life spans continue to increase, the retirement age will automatically will automatically increment, if conditions deteriorate, and people start dying off, the retirement age can move the other way.
There, we've just 'solved' poverty and fixed social security.
Anything else we need to look at ??
And with no payment of taxes, what incentive is there for those people to vote for candidates that can implement a sustainable system, instead of pols who will instead 'break the bank' for votes ??
These folks long term best interests lie in being satiated at a level the rest of the people paying for it can sustain.
Perhaps a 'more workable' solution is to just arbitrarily draw a line at 3%, or 4.02% (or whatever) of the population and the folks below the line are 'poor' and the people above it are not. Curiously, the folks in the government tracking the poverty rate will be out of jobs because the poverty rate will simply be defined as a constant %, regardless of what the number might be under the current system. But so it goes.
Also, a similar idea can 'fix' social security. Arbitrarily decide how many workers there will be per retiree in perpetuity, and work out the retirement age from that.
So, for example, if we decide there will be 10 workers per retiree, then the 'average' worker will work 10 days for each day of social security they get, on average. Actuaries can figure out the retirement age annually and project them into the future.
If life spans continue to increase, the retirement age will automatically will automatically increment, if conditions deteriorate, and people start dying off, the retirement age can move the other way.
There, we've just 'solved' poverty and fixed social security.
Anything else we need to look at ??
