| >... All their excess labor value, generated from their work, also goes to other people, predominantly the wealthy.
You are annoyed they don't pay income taxes, but where are the accolades for their generosity? 70% of the people in the lowest quintile have 0 adults working fulltime, and therefore produce effectively 0 labor value. They don't contribute, they take. Would you be OK with requiring a work, education, volunteer, or caretaking requirement for any welfare programs; to ensure that these people are actually working for society? >Elon Musk would not be a hundred billionaire without government contracts and vast government subsidies. Likewise for Ellison and Palantir and whoever else gets to hoover up our defense spending. So too for any entity that receives the myriad benefits of 'public private partnership' in domains that used to be exclusively government run. Deloitte makes bank on 'administering' public programs. The Multi-billion dollar retail Tax prep exists entirely because the government is bribed not to compete. Private prisons/concentration camps are 'social programs' that produces billions in private wealth. etc. etc.. etc... None of those are social programs: they required the person or company to "work" by providing a service or good that benefits people, rather than get a handout. There's a debate over the government mismanaging and misallocating the budget, but Lockheed selling a F-35 or Ellison providing compute to the government is not welfare. > Government welfare: [The low income, underemployed family] would receive Treasury checks of $3,400 in refundable child tax credits and $4,400 in refundable earned-income tax credits. >>... A person who make this little would not pay income taxes, so these credits cannot be realized. You do know what a refundable tax credit means, right? "A refundable tax credit is a credit you can get as a refund even if you don't owe any tax. - IRS" >All of these programs are difficult to retain access to. I've never met anybody among the working poor able to realize even half of these meagre benefits. All these programs exist and receive billions of dollars at both the state and federal level. If people aren't receiving those dollars, all the more reason to abolish the program and stop the hemorrhage of cash. >A random family in NYC would pay, on average, $20,439 annually, just on child care, per child, thus, this hypothetical single parent is contributing at least $40k in labor to produce future workers. It's not unreasonable to give them compensation for this thankless task. NYC is 200% more expensive higher than the national average for COL and 400% higher when counting housing. It's a terrible place to try and raise a family on a low income. NYC's budget deficit varies, but is in the billions. Subsidizing a future barista or UberEats driver to the tune of $100K or more in childcare across 5 years is ludicrous, especially when you consider that again, about 40% of people pay 0 federal taxes. Stats aren't readily available for NYC taxpayers by income, but I can guarantee that NYC would literally lose money on this "investment" at a population level. > As another point of comparison, Norway spends 18k per year for every kindergartener in their nation regardless of the parent's income. This is what is known as, under capitalism, an investment with a 50 year compounding return. And the US spends $18,614 per public school pupil. Again, we're already spending the money but not getting the return (see: PISA scores, graduation rates, educational outcomes). I completely agree that ROI should be considered when making government decisions. With that in mind, let's focus on reducing low ROI migration and illegal immigration. "Immigrants without a college education and all those who immigrate to the U.S. after age 55 are universally a net fiscal burden by up to $400,000... The average newly arrived immigrant who entered the country illegally is expected to have a net fiscal burden of about $130,000 in adjusted terms, so preventing future unlawful immigration is important...Using these figures, every refugee in FY 2022 is expected to increase the federal budget deficit of the U.S. by nearly $152,000 over his lifetime". >Starving, homeless children produce negative externalities if they are not cared for, so the return on the investment is even more potent in this case. The US already has SNAP, WIC, TANF, Section 8, and more. Again, these children aren't starving/homeless because we aren't paying for them, but because their parents are misallocating the money we give them. >All this said, you've asserted that 53k, by itself, is 'lavish'. But you are speaking to someone who regularly makes that much money in between blinks on a half-decent day in the market, so I'm not really convinced that it is. Now multiply that $53K across the population, and you'll see a major contributor to the $1.9 trillion deficit. > This is why organized, sustained political action is required above and beyond elections. So that, in aggregate, these near-zeros can create change. It's not an invitation to check out and advocate for centrist reactionary nihilistic libertarianism, which is what I have to assume your true position is. What action do you want to advocate for? More taxes, more wasteful spending, more people not contributing to society but just taking? Before you advocate for policy, learning some tax basics like what a refundable tax credit is would go a long way. |