Replacing Expensive Welfare with Milton Friedman's Guaranteed Income Proposal: The Negative Income Tax in the Trump Administration (2025-2029)

What do the numbers look like if you back out all the wealth of the people we know were known acquaintances of Epstein. Its just an interesting math problem.

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The only way to do this successfully without raising taxes is to force tech companies to compensate users for the data they unavoidably create from using modern technology. Terms of service agreements extort users by forcing them to relinquish ownership of personal data in order to use any device. In the modern era, device use is unavoidable and the commissions earned would be used for UBi

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Because the second you permit a welfare program you’ll be called a demon for ever wanting to get rid of it.

Are you aware that food stamps started as a stimulus program for farmers, and wasn’t supposed to be an infinite free food spigot for the worthless parasites of society to consume for their whole lives?

You can never get rid of it because nobody wants to vote for “starving people to death”. Well except me.

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Not if the bill comes with conditions that automatically & gradually roll it back if conditions aren’t met

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People learn loopholes and cheat the system again I refer you to the uk system of universal credit

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I see comments asking where we’d get the money, how would this not disincentivize work, and how would we prevent abuse.

The answer is in the OP’s first sentence: “Replace all welfare programs with UBI.”

Our current welfare system overspends, disincentivizes work, and encourages abuse. UBI is likely the better social safety net.

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Terrible idea.

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That’s a common reaction from people who don’t deeply look into it

I highly recommend doing so - it’s fine to be against an idea after you’ve deeply dug into it & deeply understand it

But dismissing it without fully understanding does no one any good

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A mother of eight who scrounged almost £100,000 in benefits she claimed for relatives living in Pakistan has been spared jail after she offered to enrol on a taxpayer funded programme to help her realise her crimes were not ‘victimless.’ Source Daily mail uk

So you replace benefits, and end up still paying for people in another country.
They always find a loophole!!!
It just wouldn’t work

This! Came here to say this exactly! The moment it’s applied, it will be useless!

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As someone who has lived this in California, this would be and has been an utter disaster. No, we need to bring competitive markets, bring more jobs, lower energy costs, and cut the fat in government spending. This has been nothing but a disaster and nothing more should ever happen. It’s one thing to write about it but to put into practice would be a gruesome end to our republic.

They got rid of this in Norway because it’s not a functional idea that works. It just serves to create more problems

You mean the ongoing pilot in Norway?

They’re currently running it, what do you mean “got rid of it” - they’re all-in

Interesting response, “if they want something, they will have to go to work to get the money to buy it” Seems that is a basic concept and makes sense to be and support individual responsibility. Wonder if there may need to be some exceptions for people who can not work: blind, immobile, mental health, so might need some basic life costs covered, then apply VAT after a minimum threshold?

Individual responsibility is a big part, but you also can’t ignore generational wealth, it makes a difference

Someone with rich parents (& in turn grandparents, and their parents, and their parents) has a lot more room for error

UBI is the capitalistic way to give people some boots, so that they can pull themselves up by their bootstraps

Finland universal basic income experiment to end after two years - CBS News

Sorry I remembered it incorrectly. It was Finland that ended it

So there was a trial in Denver or Colorado somewhere, of UBI for people unemployed and homeless. The results were not great for the UBI case though.

Test UBI groups were split into $50/month as a placebo or control group, one group got like a grand a month and one group got a lump sum up front and more per month and the number of people who had found a home and a job were about an even split across all 3 groups so it had very little effect on outcomes despite the large range. They estimated the cost savings for community provided services and it was small a fraction of the cost of the program. Was it conclusive enough to end this conversation? No. Did it really shed a positive light on widening the pilot idea ? Also, no.

UBI for adults who are capable of entering the workforce and below retirement age by choice is not feasible imo but I’m not a famous economist. Also, a computer model as a trial would need to be based on some real world precedent in America and in the current financial climate. If you modeled it after the Colorado trial I don’t think that analysis would be persuasive.

No disrespect intended, I’m just trying to add to the discussion.

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I suggest you read up on Finland - it was quite positive (they didn’t end it because it failed)

The Denver study (I live in CO) had a lot of good information

Not sure if you know how bad the homeless problem here is, it’s quite bad - how much does it cost?

Every morning on my bike path I see a cleanup crew + a police officer cleaning up after homeless - it’s hard to take that cost into account when doing an apples-to-apples comparison

(No disrespect taken, appreciate the conversation :+1::pray:)