| If you think that raising taxes for UBI will result in the politicians actually allocating the money to UBI.... then you just need to look at how current monies are raised and spent. Here's what will happen: - taxes raised for "insert acronym of flavor here" (UBI) - 95% allocated to every citizen, permanent resident, legal immigrant, illegal migrant, etc. - Over time they will decrease the allocation relative to the amount they collect. Next thing you know, "UBI" is just another line item on your paycheck deductions just like "EI" and "CPP" is a deduction in Canada for "Employment Insurance" and "Canada Pension Plan". Neither of which will actually solve the problem because that was not the (hidden) goal to begin with. There will be just as much, if not more poverty because: - smart, hardworking people will leave the country because they are tired of getting abused with excessive taxes.... draining productivity - poorest people will take on brutal loans for things they do not need (lottery, drugs, cars, shiny clothes) - poorest people will become lethargic. "Free" unearned income is poison to ambition and creativity. - "Free" income is not Free because it is given based on an inflating money supply. It means your children or grandchildren will be paying it via hidden tax of inflation and effectively sold into debt slavery. We are watching the final stages take place where the communist revolution will be complete. As it stands, the USA is heavily socialist and stopped being capitalistic once they seized control of the economy in 1913 and began central planning via fiat money printing and manipulating interest rates. Plan accordingly over the next 5-20 years |