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Guaranteed Universal Income = Guaranteed Universal Poverty

Another flawed, not-so-new economic idea to save the poor and middle class has once again started to gain popularity: a guaranteed universal (or basic) income. Basically, everybody is guaranteed a certain amount of money per month, courtesy of our overlords benevolent leaders. Anyone who earns above that amount gets taxed "in proportion." There are better ideas, but basic income advocates naively claim that their scheme would defeat poverty once and for all.

According to the 2013 Federal Poverty Guidelines, the individual poverty level is just under $12,000/year. So let's imagine a system where everyone, upon reaching a certain age, received a check for $1,000/month just for being alive.

The fault of any basic income scheme is in the underlying assumption that, once implemented, people will continue to work just as much as they do now. But this assumption conveniently ignores the immense disincentive to work once such a system is in place.

Read the rest at:
http://simplefactsplainarguments.blogspot.com/2013/12/guaran...

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Since 1933....

....and the outlawing of "lawful money" per the constitutional definition of it in 1933, 100% of government spending outside of the DoD is based on usery and debt.

That means $0, not 1 red cent of taxes goes to pay government operations outside of Dept Def. 100% of all income tax receipts goes to the fed to retire old debt.

Why do I raise this? Because where does income come from? It has to come from production. Otherwise, if it comes from the government and government spending which, outside of the DoD, is based on 100% new debt issuance, not tax receipts, it is 100% based on usury and debt.

The IRS is the userer embodied, the collection agency of the userer, literally, since it delivers 100% of income tax receipts to the fed to retire old debt.

Government numbers show NO payment on principle since 1893

Taxes pay interest and some government expenses, maybe.

When the US Treasury sells bonds, they pay interest.

What remedy does Congress identify in the event that bonds fail to pay the annual interest.

For 220 years the Treasury has been empty. Are creditors making unsecured loans?

So the universal income plan requires a sugar daddy, who always demands something in return.

Free includes debt-free!