cstu
Footballguy
Where is this $3.375 Trillion going to come from? It seems like no one advocating this is actually looking at the numbers.You are missing the other bit - it also replaces most loopholes in the tax code (itemized deductions). So the FBG pulling in a sweet $150k/year who has $15k in deductions - those deductions are gone but you get the $15k guarantee.In all honesty, as you can see from my earlier posts, I didn't really get this either. The only problem is, I don't see how this fact makes the idea any better. IMO, it would make it worse.When I read that it would essentially replace our current welfare system, I thought it only involved those that currently collect government benefits... but giving it to everyone sounds kind of ridiculous to me, and I don't think it really negates any arguement against it.How can this be your twentieth post in this thread? Yes, that's the plan weve been discussing in a thread where you are the leading poster. You now seem to be on the road to understaanding the plan you have been so vocal and opinionated about. If you go back and read some of the earlier posts, you will see this and other points addressed.Hold on - the plan is to give $15k a year to all 225M adult Americans? That's 3.375 TRILLION per year.I can't tell if you two are just totally missing the point of the BIG or if you have some other point you are trying to make here, so I will give you the benefit of the doubt. The reason they woud work for 8 bucks an hour is so they could make more money. They would gross 32000 per year instead of 16000, and only pay taxs on the eight bucks an hour. The BIG does not go down when you earn more money, everyone, including people who make much more than 16k/year, gets it. And you only pay taxes on the money you earned. This is in stark contrast to current programs like welfare and social security and unemloyment, which decrease or even eliminate benefits when you make money and provide a strong disincentive to work.Why would people work for $8 a hour if you did this?I set the amount at 15,600 a year.
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