From Wikipedia.

QuoteAn unconditional basic income (also called basic income, basic income guarantee, universal basic income, universal demogrant, or citizen's income) is a form of social security system in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.

An unconditional income transfer of less than the poverty line is sometimes referred to as a "partial basic income".

Basic income systems that are financed by the profits of publicly owned enterprises (often called Social dividend or Citizen's dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation.

https://en.wikipedia.org/wiki/Basic_income

It would practically mean that the part of the taxation goes directly into the pockets of the citizens instead of the government's budget. Bad part of this idea is taxation itself, I don't want to tax anybody, nor I have the right to take other people's income, and it would have been humiliating if the state funded me. But, if we have taxation already, wouldn't it be better that citizens receive part of that taxation directly, rather than the corrupted politicians? What do you think?

Well, obviously not a good idea, especially for upbringing the children, not educational at all. Taxes should be lowered as much as possible, and people be let to earn their daily bread.

Similar in idea, just bigger in magnitude, to the prebate portion of fair tax.

Also, similar to the Permanent Fund Dividend in Alaska.

Usually the idea is to replace things like welfare and social security with it.

But depending on how it's implemented, is just wealth redistribution from the top down.

Quote from: milos on November 13, 2015, 03:21:01 AM
Well, obviously not a good idea, especially for upbringing the children, not educational at all. Taxes should be lowered as much as possible, and people be let to earn their daily bread.

Half the people in this country don't even pay any taxes. 

Once upon a time, before Welfare, Social Security, Medicare, Medicaid, etc., we dealt directly with the service provider - what a concept.   People looked upon their neighborhood with a sense of pride, ownership and responsibility to keep things looking good, self-police and maintain a positive environment.   There wasn't a government provided guarenteed income, safety net, insurance - it was the good-hearted neighbors, your church - people you spent your days with, like family, that helped each other out.   When we were out baling hay, and a big storm was rolling in, if our neighbors drove by, they'd stop, hop on the wagon and help stack, or ride a wagon back to the barn and stack bales.... we did the same, our individual success was curiously interdependent.

Today, the closest thing we have to that...?   "Hey, I got a trunk full of Zuccini - you wanna take some of this off my hands?"  Yes, the only guarentee in life, the vegetable you can get sick of eating the most, grows the easiest, and produces the most.

Pretty sure America already has that, in one form or another.

That model will drive inflation... or at least the outward signz of inflation. (Money printing drives inflation) It's the same difference as raising the minimum wage.  There is a ground level to the economy.  There is nothing we can do to prevent that or change it.

Quote from: Dori on November 13, 2015, 07:29:08 AM
Half the people in this country don't even pay any taxes.

Dori, I've heard that said before too.

But something I learned from my IRS audit, (thank you Mrs. Lerner) the reality is, most if not all American's are taxed/supposed to pay taxation of some sort, at some point.

It's almost virtually impossible to go through a single day in life, and not pay a tax of some sort somehow someplace.

Of course, whether American's comply with the law, and really do pay the taxation they're supposed too though, well that's another topic entirely.

I hate to admit that the liberals are ever right about anything, but they are right about one thing.

The majority of the biggest tax cheats, are infact Wall Street Owned Corporations.

Many of whom, by the way. Are not only behind/late/simply not paying their fair share when it comes to taxation, several of the biggest tax cheat corporations, are also receiving tax funded corporate welfare from our government.

That should, and needs to stop. Somethings way wrong, when little fry such as myself get to pay taxation.

But a corporation such as say oh I don't know, G.E.  not only isn't, but on top of that, is further being given our tax money, which G.E. didn't contribute a dime too, as a handout.

http://www.alternet.org/newsandviews/article/551168/10_of_the_biggest_corporate_tax_cheats_in_america

Quote from: daidalos on December 27, 2015, 09:21:51 AMI hate to admit that the liberals are ever right about anything, but they are right about one thing.

The majority of the biggest tax cheats, are infact Wall Street Owned Corporations.

Have you ever considered that the income tax you pay actually comes from the companies earnings?

The truth is ALL TAXES are paid by companies because that is who generates the wealth in this country.