Beginning of Universal Basic Income?

May 6, 2002
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If you can't own a house for less than $2k a month than you should move. Plenty of places that are much less. You can get a bi level home with probably close to 2k square footage and a 2 1/2 car garage near where I live for under a $1,000 a month (not a bad area either).
 
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justanotherguy505

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Jul 16, 2003
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Absolutely no to this. I bought a house and pay way less than $2000 a month. Of course, my mortgage is less than my annual salary, because I didn't feel the need to buy a $300,000 home (and I could have if I wanted to).
 
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Rebelfreedomeagle

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Feb 24, 2017
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I don't think it is 20. I think it will happen much much sooner. I told my parents and wife within the next 5 years at the latest. Once 5G is here in full capacity the world will be changing significantly.
5G will make autonomous vehicles a reality. We're only a few years away from over 3 million truck drivers losing their careers.
 

Backer cutter

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Jul 8, 2019
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Yeah it’s all relative to where you live. Wife and I downsized about 4 years ago after the kids were grown and moved out. Built a new 1800 square foot home plus basement and 2 car garage. Nothing fancy, but not on the cheap side either. Cost around 200,000 total plus another 27 for a 9 acre lot. But we’re out in the country in rural Kentucky. I’m sure it’s much more near more populated places.
 

BlueVelvetFog

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Apr 12, 2016
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Average 1BR rent where I live (Bay Area) is $2500/month. You can’t even sniff a house under $4k and most are over $5k. Houses here sell for more than $1000/sf in many places.
That’s the one, single thing that turned me off to SF. Even selling a house outright in the city won’t yield enough to keep living there
 
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Jul 19, 2012
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Lol at people telling other people what size home they should buy.

yep, called communism. you can tell who the commies are in these threads...

If I want to soak my money in lighter fluid and light it up with a flame thrower while listening to God bless America. so be it. it's my money. once the govt starts "giving" you money, it's theirs to full on dictate how you live.
 
Dec 18, 2004
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That’s the one, single thing that turned me off to SF. Even selling a house outright in the city won’t yield enough to keep living there

One of my best friend’s mother is in that position. There is no motivation to sell because it keeps going up in value. But she has to borrow to pay the property taxes.
 
May 6, 2004
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HagginHall1999

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Oct 19, 2018
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5G will make autonomous vehicles a reality. We're only a few years away from over 3 million truck drivers losing their careers.

Part of the reason world will change so much. There are many other facets including healthcare, education, retail, fast food, etc.
 

Gassy_Knowls

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Mar 24, 2019
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5G will make autonomous vehicles a reality. We're only a few years away from over 3 million truck drivers losing their careers.

rode in one Vegas. It was a Leval 3 autonomous. Still needed driver to maneuver out of the hotel parking lot, but once he hit the open road the driver took his hands off the wheel and foot off the gas. Car drove itself all the way to the destination

Driver said at a Level 5, it will be fully autonomous
 

TortElvisII

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May 7, 2010
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rode in one Vegas. It was a Leval 3 autonomous. Still needed driver to maneuver out of the hotel parking lot, but once he hit the open road the driver took his hands off the wheel and foot off the gas. Car drove itself all the way to the destination

Driver said at a Level 5, it will be fully autonomous

You realize in a few years they're going to be sending big loads out with no drivers. Boy that'll be really successful. [roll]

Nobody will steal anything off of those trucks.
 

justanotherguy505

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Jul 16, 2003
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yep, called communism. you can tell who the commies are in these threads...

If I want to soak my money in lighter fluid and light it up with a flame thrower while listening to God bless America. so be it. it's my money. once the govt starts "giving" you money, it's theirs to full on dictate how you live.

This. I'd rather earn what I make now, then get an additional 24K or 66K and have the government tell me what to do. I live in KY, and I had a job offer that paid around 200K but was in California (where houses are $600K or more). I said "no thanks". That'a almost a 50% increase in pay, but a 300% increase in expenses. No thanks; I am paying about $140K for my house right now (I'm a single guy; what do I really need?). I make great money for living in Kentucky; I make TERRIBLE money to live in California.
 

warrior-cat

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Oct 22, 2004
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Finland and Ontario have both already tried the UBI in pilot testing programs and both were cancelled way ahead of schedule. It was estimated by the OECD that Finland would have had to raise their income tax nearly 30% which was unrealistic given their 45-50% taxation rate at an already high level.

Stockton, CA is doing it’s own pilot program as well. I’ve not had the time to read their results and findings.
When you raise it (taxes) that much more people will go on the Dole because they'll be back down below the normal income and start to say what the heck, let me just join what the rest of people are doing and you will have a lot less people paying into it and more people taking from it. Therefore causing taxes to be raised again continuing until we go under.
 
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warrior-cat

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Oct 22, 2004
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It's not right for today's economy, yet, but it's the answer to "what happens when production is decoupled from human labor as a result of automation and AI?"
It is impossible to sustain and therefore a totally ridiculous point.
 
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warrior-cat

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Oct 22, 2004
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This is true. Take just one profession, truck drivers. There are 3.5 Million in the US and in another 5-10 years 90% of them will be unemployed. There are robot drive semis on the road right now as we type.

My hope is if we move towards a universal income, it will come with a few strings attached. People if healthy should be required to do X amount of public service work like the type sponsored by Americorp for instance.
Never happen. Most will find a way not to work. How would you enforce it.
 
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warrior-cat

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Oct 22, 2004
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Someone tell me where the universal basic income idea has worked for a country.
 

warrior-cat

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Oct 22, 2004
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Let me give a little perspective from my little corner of the world. I am about to retire from a civil service job that went sour so I will be retiring at a lower-than-expected income with my military retirement check, taking early social security, and then the civil service check. After taxes I will take home around $3000 maybe $3,100 a month. My mortgage is around $1,550 a month. That's about half of what I'm taking home. Then, when you factor in the other bills, I will be doing a part-time job still paying taxes into the system to make ends meet. If you give me two thousand more dollars a month for a basic income, I will not do that part-time job therefore not giving into the system. Is this anecdotal? Yes but, I will bet there are a lot more people out there like me who will do that so, you will have a lot more of them taking than giving.
 
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jameslee32

Heisman
Mar 26, 2009
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Universal healthcare has a better shot since 22 million people lost their jobs recently.
 

dgtatu01

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Sep 21, 2005
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"People need this for a basic living wage, bills, etc"

Reality:

Why do you care what people spend it on? It's not your money and the producers of the goods they spend it on will spend it on something else. The most important thing they can do with this money for all of us is to go out and buy something with it. The worst thing they can do is save it or pay off debt.
 

shutzhund

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Nov 19, 2005
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Ans just where is this tree that sprouts golden apples that will pay for all this? Ridiculous idea when we have $24 trillion and counting in debt and more being tacked on daily. Someone with no idea of how economics work came up with this fiasco.


.....and we heard it right here on RR. Surprised anyone?