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Post By
Norvell

Member Since: Sun Jan 02, 2011
Posts: 1,585
Subj: Thoughts on a minimum income? (Re: The Impending Tax Cut Vote)
Posted: Fri Dec 01, 2017 at 09:20:52 am EST (Viewed 80 times)


If the Republicans skewed the tax cut heavily towards the middle class, away from the ultra-mega-rich, the Dems would have no choice but to support it. And whereas the rich sit on the money and/or divvy it up to share holders for them to sit on, the Middle Class actually spend and propel the economy.

The benefit of putting money into the pockets of the poor / middle class cannot be understated. So much so that economic models have been suggested of guaranteeing a 20k/per year minimum allowance by the state -- per person -- would vastly solve many issues of poverty (eliminating welfare) while simultaneously stimulating the economy. I'm not on board with this theory, yet, but it's an interesting outside-the-box viewpoint that is actually being tested by some countries.

http://www.cbc.ca/news/canada/guaranteed-20k-income-for-all-canadians-endorsed-by-academics-1.2691847

Tax cuts for the rich have been tried repeatedly, and every time it's been tried it has failed. Even the so-called success of the Reagan tax cuts tripled the debt.


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