BMW 1-Series Forum (F20) 135i - 1Addicts.com > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Politics/Religion > Universal Income
Post Reply
 
Thread Tools Search this Thread
      10-06-2019, 10:06 AM   #23
Maynard
Lieutenant Colonel
United_States
1072
Rep
1,686
Posts

Drives: 2016 228iX
Join Date: Mar 2016
Location: Upstate NY

iTrader: (0)

How about we just get rid of the biased accounting in the tax codes and make the big earners actually pay a fair share. Is that rampant communism? How is it that the same clear headed straight thinking economists who can see right thru the BS of universal income can still keep getting behind the myth of trickle down economics? Let's go over it again, slower so you poor rubes get it - it all matters which end of the economy you pour in the free government money.....
Appreciate 0
      10-06-2019, 10:16 AM   #24
other_evolved
Major
1178
Rep
1,420
Posts

Drives: 2015 Chevrolet SS
Join Date: Oct 2012
Location: Saint Louis

iTrader: (0)

If it was used to streamline all government benefits (aka, no welfare, no snap, etc) then I could start to get on board. If it's in addition to these, no thanks.



Quote:
Originally Posted by Maynard View Post
How about we just get rid of the biased accounting in the tax codes and make the big earners actually pay a fair share. Is that rampant communism? How is it that the same clear headed straight thinking economists who can see right thru the BS of universal income can still keep getting behind the myth of trickle down economics? Let's go over it again, slower so you poor rubes get it - it all matters which end of the economy you pour in the free government money.....
Define "fair share" please.
Appreciate 1
Poiseuille2901.00

      10-06-2019, 11:01 AM   #25
DETRoadster
Space Force - 4 Star General
DETRoadster's Avatar
5516
Rep
2,526
Posts

Drives: M2 MG 6MT / Moto Guzzi V7
Join Date: Jul 2016
Location: Seattle

iTrader: (0)

Quote:
Originally Posted by Germanauto View Post
It's a stupid idea because the psychology behind it is fundamentally flawed.

It's counting on people to use that money wisely.

Look at all the data on metrics like credit card debt, auto loans, drug/alcohol expenditures, etc. Most Americans, especially poorly educated ones, won't save and invest that money wisely. They'll blow it on Jordans, weed, booze, and McDonalds. Most of my patients are on Medicaid and/or welfare and use their money to eat like shit, smoke cigarettes, and drink 20 beers in a sitting. My tax dollars are funding it.

Human beings inherently crave instant gratification over delayed gratification. This has been well researched. Give people free money and it'll be a disaster.
Didnt you start practicing like a year ago? Already burnt and bitter? It's too soon young man, too soon. Get out of primary care and go be a dermatologist. Collect fat cash from rich old ladies with moles.

My wife used to discount office visits for low income, cash patients. What she found over the years is that the less she charged for her medical services, the less people followed it. I think the same is true for nearly anything that you don't have to work for. Free college for all? People will sign up and fuck right off till they get kicked out. Free $1k per month for every citizen? Gone in a flash. The people who actually "need" that money will just blow it in the first day.

My folks fostered a troubled teen who had been in and out of foster homes in Florida her entire life. This young lady won a lawsuit against the state of Florida for abuses she suffered in a few of the homes. Walked with roughly $1M after legal fees and what not. The first thing she did was to throw a gigantic party for all her friends. Limos and new clothes for everyone. Even rented a tiger with a trainer to just walk around the party. Next was a Mercedes. Money was completely gone in 6 months. She now works in a gas station convenience store. Millionaire to mini-mart. Winning.
Appreciate 1
wdb1473.00

      10-06-2019, 11:27 AM   #26
chassis
Second Lieutenant
chassis's Avatar
United_States
94
Rep
213
Posts

Drives: BMW G01 X3, M-B GLE350W4
Join Date: Mar 2019
Location: Indiana

iTrader: (0)

Has the original poster commented recently? What conclusions has he/she drawn?

someguywithanm3, what do you think so far?
Appreciate 0
      10-06-2019, 11:39 AM   #27
catskillclimber
Private
29
Rep
88
Posts

Drives: 328d
Join Date: Apr 2014
Location: claryville, ny

iTrader: (0)

Alaska Permanent Fund has been providing an annual dividend to it's residents since 1982.
Appreciate 0
      10-06-2019, 12:50 PM   #28
MKSixer
Major General
MKSixer's Avatar
14509
Rep
7,265
Posts

Drives: 2015 BMW i8, E63 M6, 328d
Join Date: Jun 2015
Location: Southeast United States

iTrader: (0)

Garage List
2016 M4 GTS (Allotted)  [0.00]
2013 BMW 328d  [0.00]
2007 BMW M6  [5.00]
2015 BMW i8  [5.00]
Quote:
Originally Posted by catskillclimber View Post
Alaska Permanent Fund has been providing an annual dividend to it's residents since 1982.
Not direct correlation but surely some contributory factors...

https://www.addictioncenter.com/comm...g-death-rates/
__________________
Quote:
Originally Posted by jtodd_fl View Post
Hell, I get random sausage attacks when I go anywhere.

Several actors have played James Bond, Sean Connery IS James Bond...
Appreciate 0
      10-06-2019, 01:31 PM   #29
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
3829
Rep
3,683
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

Quote:
Originally Posted by other_evolved View Post
Define "fair share" please.
And “big earners” as well.
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
Appreciate 0
      10-06-2019, 01:49 PM   #30
gjm120
Lieutenant Colonel
United_States
1029
Rep
1,805
Posts

Drives: 2013 128i
Join Date: Jan 2016
Location: East Texas

iTrader: (0)

Fair share and big earners.

That ones that make more than one $ above my income.
__________________
E82 / Ver Red / Blk Boston L / BMWP Springs w/ Koni Yellows / M front control arms / M rear guide rods / AT / Sport seats & steering wheel + paddles
Appreciate 0
      10-06-2019, 01:49 PM   #31
1MOREMOD
2018 track days - 0 ridge 1:52:24 pacific 1:33:30
1MOREMOD's Avatar
United_States
8843
Rep
21,910
Posts

Drives: Race car->
Join Date: Mar 2009
Location: check your mirrors

iTrader: (5)

.
Attached Images
 
Appreciate 6
Darth One2962.50
MKSixer14508.50
scostu1069.00
arkie6317.50

      10-07-2019, 07:37 AM   #32
NormanConquest
Lieutenant Colonel
1286
Rep
1,946
Posts

Drives: 340i
Join Date: May 2017
Location: Earth

iTrader: (0)

I see the drug epidemic just getting worse as people lives become more hollow and meaningless.
Appreciate 2
      10-07-2019, 09:40 AM   #33
TheWatchGuy
Major
TheWatchGuy's Avatar
1943
Rep
1,493
Posts

Drives: 335xi
Join Date: Mar 2018
Location: CO

iTrader: (0)

yeah this will work....

There are so many questions that no one can ever answer about this.

Will everyone get the same amount? Regardless of Income, Location, Debt, Dependents, Etc. If yes, you will still have the poor angry at the rich for getting money, similar to them complaining that the rich arent paying their "fair share" in taxes. You also will have people in high cost of living areas upset that their money doesnt go as far as someone in BFE middle America
__________________
@drunkcowatches on ig

Am I a watch guy, or do i watch guys?
Appreciate 1
      10-11-2019, 05:53 PM   #34
someguywithanm3
Private
someguywithanm3's Avatar
204
Rep
78
Posts

Drives: E92
Join Date: May 2015
Location: Cali

iTrader: (0)

Quote:
Originally Posted by chassis View Post
Has the original poster commented recently? What conclusions has he/she drawn?

someguywithanm3, what do you think so far?
I wanted to know what hard working/successful people thought.

I think it would help the economy by promoting spending, but that it would be short lived. Prices would increase and we'd be back to square one.
Appreciate 0
      10-12-2019, 12:50 PM   #35
Poiseuille
Colonel
Poiseuille's Avatar
United_States
2901
Rep
2,480
Posts

Drives: 2016 M4 DCT Tanzanite/Amaro
Join Date: Oct 2016
Location: Princeton

iTrader: (0)

Quote:
Originally Posted by Maynard View Post
How about we just get rid of the biased accounting in the tax codes and make the big earners actually pay a fair share. Is that rampant communism? How is it that the same clear headed straight thinking economists who can see right thru the BS of universal income can still keep getting behind the myth of trickle down economics? Let's go over it again, slower so you poor rubes get it - it all matters which end of the economy you pour in the free government money.....
John Kerry, 2004: "....oh yes, the rich absolutely MUST pay their fair share....ummm, 12.2% sounds about right, don't you think Tah-ray-zah?"
Appreciate 0
      10-12-2019, 12:51 PM   #36
Poiseuille
Colonel
Poiseuille's Avatar
United_States
2901
Rep
2,480
Posts

Drives: 2016 M4 DCT Tanzanite/Amaro
Join Date: Oct 2016
Location: Princeton

iTrader: (0)

Quote:
Originally Posted by other_evolved View Post
If it was used to streamline all government benefits (aka, no welfare, no snap, etc) then I could start to get on board. If it's in addition to these, no thanks.



Quote:
Originally Posted by Maynard View Post
How about we just get rid of the biased accounting in the tax codes and make the big earners actually pay a fair share. Is that rampant communism? How is it that the same clear headed straight thinking economists who can see right thru the BS of universal income can still keep getting behind the myth of trickle down economics? Let's go over it again, slower so you poor rubes get it - it all matters which end of the economy you pour in the free government money.....
Define "fair share" please.
good luck getting an answer on "fair share".
Appreciate 0
      10-12-2019, 12:55 PM   #37
Poiseuille
Colonel
Poiseuille's Avatar
United_States
2901
Rep
2,480
Posts

Drives: 2016 M4 DCT Tanzanite/Amaro
Join Date: Oct 2016
Location: Princeton

iTrader: (0)

Quote:
Originally Posted by catskillclimber View Post
Alaska Permanent Fund has been providing an annual dividend to it's residents since 1982.
..and that money comes from petrobucks. AOC will put a stop to that.
Appreciate 0
      10-12-2019, 03:05 PM   #38
Rmtt
Major
Rmtt's Avatar
United_States
1434
Rep
1,309
Posts

Drives: 2011 BMW 128i, 2008 LS3 C6
Join Date: Jan 2019
Location: South Carolina

iTrader: (3)

My take on it....it would be a cycle that kept replaying itself after a certain amount of time. Here's an example using me.

My brother and I receive the same payout each month. Now he and I live quite differently. I tend to be a saver.....he is the type that cash burns a hole in his pocket.

After so many years of him spending and me saving, again I am looked at as having an advantage as I have more money than him. So guess what, he decides it's not fair.....and that it's time to "redistribute" the wealth again.

I see it as an unending cycle as my kid tends to be like me, while his tend to be like him.

Maybe a bad analogy, but it's the way I view it. And I grew up poor. I fought, scraped, and worked for what I have now. And it means I did without .....even during times when I really didn't have to....but had a longer term view in mind.
__________________
2011 128i: 3:73 Rear Diff, 3SI Intake, AA Headers, Magnaflow Catback, AFE Scoops, Turner Silicone Hose, Charcoal Delete, StageFP Stage 2 Tune, APEX ARC8, MILVS Coming!!

2008 Z51 C6 LS3 w/ LG SuperPros, Ported Fast 102 Intake, RPM Level 2 Transmission, "Small Cam" Vararam SnakeCharmer CAI - 461whp / 467wtq
Appreciate 0
      10-13-2019, 12:41 AM   #39
brad850csi
Major
469
Rep
1,481
Posts

Drives: 16 F13 M6 Comp
Join Date: Jan 2015
Location: Auckland, New Zealand

iTrader: (0)

Slightly different to a universal income idea, but let me explain my views on how things could be adjusted to make tax fairer. I pay about NZ$100k in income tax per year, about US$63k and as such I am in the top couple of percentile of pay.

I'm not sure on what the numbers are in the USA but over here something like 50% of people pay no net tax at all - in NZ that works out to about $60k. This is due to our 'working for families' subsidy where if you have kids and earn under a certain about you get credits back, discounts on public transport below what the true cost is, healthcare, education costs etc etc.

So why tax the first $60k or so of earnings then give all of these subsidies which surely just creates bureaucratic waste and allows people to game the system. But instead we start taxing from the first dollar earnt which just doesn't make sense to me - especially as we have recently been raising the minimum wage quite dramatically which has a flow on effect of creating inflation for things like McDonalds and Starbucks retail pricing without benefitting the worker as much as removing income tax up to that $60k mark.


At my income I'd be happy to pay a bit more tax. In saying that I choose to drink fairly expensive Whisky and Cognac (alcohol is heavily taxed here) and probably contribute about $5k a year in petrol tax as well.

What I also find strange is that we have a top tax rate of 33% that kicks in at NZ$70k which means that a huge number of people are actually on the top tax rate!
__________________
SCOTT26 "So as an admirer of the M5 and a potential customer of an M5 Touring. I would run naked around the streets of Garching if they were to offer one."
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:25 PM.




1addicts
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST