The Holy Grail of unleashing the top producers

nitro

nitro

The solution is so obvious, that I am surprised it has eluded people for so long. The way to unleash Capitalism might be to embrace the most radical Socialist thinking, about basic needs.

Think about it, since people would not longer have to worry about existing and working for paying rent and getting food, governments would be free to make law that truly unleashed business potential. If all you want to do is lounge, fine. But don't complain about those that want far far more. You want to go on a vacation to Mars? Good luck on your $12,500 a year. The incentive to work isn't to exist anymore, it is to LIVE.

Here is my proposal, or deal if you like: Corporations get a zero or close to zero tax rate. Every adult over 18 is given $12,500 a year (adjusted for inflation each year) no questions asked which is also impossible to retract no matter what. It cannot be taken by credit card companies, it cannot be taken by any bill collectors.

This might unleash an economy like we have never seen before. One wonders how many people would be in prison, and a host of other societal problems due to lack of money for basic needs.

Dow 100K, imo.


A Basic Income Should Be the Next Big Thing

Now and then a worthy economic proposal comes along that seems as politically unattainable as it is sensible. Then, on closer inspection, you see that it's more than a policy-wonk's fantasy. And you wonder whether it could actually prevail.

This may be happening with the concept of a universal basic income. The notion that government should guarantee every citizen an annual stipend of, say, $10,000 -- no strings attached, no questions asked -- is being studied by politicians, economists and policy experts worldwide.

Think of it as Social Security for all. In the social democracies of Europe, Canada and South America, experiments are planned or underway. In the U.S., it's still little more than a concept -- one that appears to have more conservative backers than liberal ones....

http://www.bloombergview.com/articles/2016-05-02/a-basic-income-should-be-the-next-big-thing
 
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As it is now people out of work for extended periods of time, whether or not they are "collecting", most likely have low self-worth. How might they feel if paid not work at all anymore. And if this becomes generational as well.

Modern day caste system. BTW although banned in India today still exists in some parts.
 
That much money in the system would increase a loaf of bread to ten bucks.
You give people free anything, it is never enough, they will complain and dig up deceased relatives and have 99 people living in your home.

It is far better to make thy own to spend thy own and give less than nothing away. If you too sick to work, you placed into government home and make basket weaving your full time hobby, if you can't have a good enough job and need food stamps, you go eat at government cafeterias, no more porterhouse steaks, no more lobsters, it be veggie diets at cafeterias. If you can't find work, you work at government shelters or cafeterias. It is funny how people start going out and finding better or extra part time jobs when they have to get out of whatever bad into better.
 
Nitro,
this would be a good proposal IF were to be implemented with a reduction in other welfare programs. If it was simply another addition to the menu of support programs, its likely to lead to dependency on the state by the poor and perverse outcomes

The idea of universal basic income (UBI) has been around for a while. Milton Friedman used to talk about a 'negative income tax' which is pretty much the same thing. He proposed and yet testified against it in congress. The reason was that congresspeople (looking to get elected) wanted to add it as another welfare problem instead of a substitute to the current options.

And that is the issue with the UBI, the way it is likely to be implemented quite possibly will hurt the poor and the fiscal path of the countries that go down that road
 
I don't see stuff unless you quote my quote so that the computer alerts me.

What I have noticed at least in the first world is, that most progress is made by an extremely small number of people %-wise of the population. It is then no accident that Capitalism and regulation favors the 1%. This is logic, but it is not humane nor moral. Economics does not deal with morality, but other systems of thinking do. It is in their unification that the solution exists.

What I am suggesting is, we cripple everyone because we are [correctly] continuously trying to help people that simply don't have the means to keep up in such a fast pace economy. Very little is as depressing as seeing people having to beg to exist. On the other hand, too much regulation [in the wrong places] taxation, etc, stifles creativity at our own expense as a society. If Ayn Rand had posed things in this way instead of "The individual hero oppressed by the masses", far more people would have understood. We need the Ayn Rand heroes, but we can't just leave people to suffer.

My hope is to do away with people in the US having to deal with existence. Once that is done [and it isn't just giving money away if it is to be done right], REMOVE ALL REGULATION THAT CRIPPLES THE TOP BUSINESS, SCIENTIFIC, etc minds from their backs.

This in theory, will allow progress to happen, to everyone's liking and ultimate benefit.

Daal said:
Nitro,
this would be a good proposal IF were to be implemented with a reduction in other welfare programs. If it was simply another addition to the menu of support programs, its likely to lead to dependency on the state by the poor and perverse outcomes

The idea of universal basic income (UBI) has been around for a while. Milton Friedman used to talk about a 'negative income tax' which is pretty much the same thing. He proposed and yet testified against it in congress. The reason was that congresspeople (looking to get elected) wanted to add it as another welfare problem instead of a substitute to the current options.

And that is the issue with the UBI, the way it is likely to be implemented quite possibly will hurt the poor and the fiscal path of the countries that go down that road
More...
 
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