My Thoughts Archives - Page 2 of 10

Philosophy of Taxation

July 28, 2018 daniel Basic incom, Basic Income as the Basis of Equitable Taxation, Equitable Taxation, Everybody Must Benefit from the Tax System, extreme anti-tax Republicans, Hoarding causes Economic Stagnation, Philosophy of Taxation, progressive income tax system, rational level of taxation, Tax the Wealth Hoarders, Tax the Wealth Hoarders not the Creators, The Tax System Teddy Roosevelt Wanted

The major goal of an income tax system in a capitalist economy such as ours should be to get as much wealth as possible in circulation to stimulate growth. Therefore we must tax those who hoard wealth, not those who create it.

The best way to achieve that would be to pay a basic income to every person with an individual income level that is at or below or the national average. That would be around $58,000 a year which is the average individual income in the United States.

The United States experienced its highest economic growth rate of 16.9% back in 1950; when the highest income tax rate was 92%, Trading Economics calculated. By January 2018; after decades of tax cuts intended to “stimulate the economy,” the growth rate was 2%.

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A Tax to Support Medicare for All

July 21, 2018 daniel A Tax to Support Medicare for All, How to Pay for Medicare for All, Medicare for All, Single Payer Health Insurance, single-payer, Why Medicare for All is Inevitable

household making $58,000 a year would pay around $1,740 for Medicare. Since $58,000 is the average annual household in the USA, the average family would pay less than $2,000 for health insurance.

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How to Pay for Basic Income

July 14, 2018 daniel A Corporate Revenue Tax Proposal, A Luxury Housing Tax for Basic Income, A Progressive Income Tax to Finance Basic Income USA, Basic Income, Basic Income in America, Basic Income USA, Corporate Revenue Tax, finance Basic Income in America, Luxury Taxes for Basic Income, progressive income tax to finance basic income, Some Other Taxes to Finance Basic Income, Tax Suggestions for Basic Income, Why We Should Tax Corporate Revenue

The best way to finance Basic Income in America would be an individual income tax. That would leave the corporations which generate wealth, untouched but reduce income inequality.

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Children Need a Basic Income

July 8, 2018 daniel Child Poverty, Child Poverty USA, How a Basic Income can Help Children, How a Basic Income for Children, How a Basic Income for Children Might work, How the Basic Income can Fight Childhood Poverty, The group most in need of a basic income is children, true Universal Basic Income

Fortunately, child poverty can be addressed by simply paying the basic income to everybody regardless of age. This would be a true Universal Basic Income that would help the entire family – not just the children.
Another use parents can make is to put the basic income into a bank account as a college savings. Most importantly, the money would be going to parents, not to social workers and other bureaucrats. It would be more likely to benefit the kids directly where they live.

A country should be judged on what it does for children and how it supports parents. By those standards, America is doing a terrible job. A nation that refuses to support the most important workers of all; parents in the most important job of all, parenting deserves to fail.

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Can Basic Income save Capitalism from Itself?

July 1, 2018 daniel America’s high-tech market economy is a perfect example of capitalism’s flaws., Automatic Basic Income, Basic Income can save Capitalism, Basic Income is the answer, Can Basic Income save Capitalism from Itself?, Hardwired to Hoard, Income Inequality, Income Inequality not Capitalism is problem, Technology can create an Automatic Basic Income now, The hoarding instinct

The problem in our society is that the benefits of capitalism are not widely distributed. Tens of millions of Americans have little or no stake in our capitalist economy, and no reason to defend capitalism or expand it. Those people may not join the mob that is lynching the rich and looting their mansions, but they will not lift a finger to stop the reign of terror.
Our society is unequal because human nature dictates that those in charge of the system will rig it to capture and hoard as much of the wealth as possible for themselves.

I support basic income because it seems like the best means of eliminating the economic insecurity that is undermining our democracy and threatening capitalism’s survival. There is simply no way that capitalism can survive without an effective mechanism for wealth redistribution. Basic income might be that mechanism.

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The Virtual Presidency

June 24, 2018 daniel • A virtual immigration policy., A virtual trade war., The real-life Trump’s agenda, The Virtual Presidency, the Virtual Presidency and the real presidency, The virtual president, Virtual antiracism, virtual battles, Virtual feuds, Virtual feuds with foreign leaders, virtual government agency, Virtual racism

• Virtual racism. Pointless feuds with specific high-profile African Americans such as LeBron James or Beyonce. This makes it look as if Trump is defending the white race. When he is doing little or nothing for or against African Americans.

• Virtual antiracism. Meaningless symbolic acts like pardoning Jack Johnson; a man who has been dead for more than 70 years. These actions are designed to prove Trump is tolerant of Negros.

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The Moral Arguments for Basic Income

June 17, 2018 daniel A good basic income, A good basic income would give people a living wage and free millions to do important work., Basic Income, Basic Income is about Freedom, Basic Income is the Moral Choice, bullshit jobs, jobs culture, Jobs Guarantee, Respect for Human Dignity, Respect for Human Life, The Digital Poorhouse, The Moral Arguments for Basic Income, The moral case for basic income, The Value of Work

A good basic income would give people a living wage and free millions to do important work. It would affirm the value of their work, and demonstrate that money is not the only goal of work.

The worst thing about our present jobs culture is the way it undervalues people. The only values assigned to people are the job they perform, or the amount of money they make.
By basing compensation and benefits solely on “jobs” we strip individuals of their dignity.

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Why Empires Succeed and Last

June 16, 2018June 16, 2018 daniel A Few Things you did not know about Empires, Empires are often Very Effectively Militarily, Empires are Very Effective Transmitters of Information, Empires can last a lot longer than most people believe, How Empires Created our Economy, Why Empires Succeed, Why Empires Succeed and Last

The most interesting and disturbing aspect of imperialism is that Empires are very effective transmitters of information. Modern philosophers like Cesar A. Hidalgo attribute the success of our civilization to the increasing complexity of information.

That theory explains why empires have often endured and succeeded, they are very good at transmitting information. The tongue of the British Empire, English is now the universal language of technology, sports, commerce, law, diplomacy, popular culture, and increasingly politics. Football or soccer; the pastime of British Imperial soldiers, is now the world’s game.

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The Amazing Progress in Trump’s America

June 9, 2018 daniel Americans are Far Less Tolerant of Racists and Racism, Americans are Less Tolerant of Sexism, Conservatives and Evangelicals are growing up and learning how to Compromise, few examples of Progress in Trump’s America, gruesome Trump phenomenon, Progress in Trump’s America, Some Media Executives are Depriving Arrogant Celebrities of their Soapboxes, The American Left has grown a Backbone, The spectacle of a bigot in the White House has woken a lot of people up., Walt Disney (NYSE: DIS) CEO Bob Iger

Future generations might look back upon the Trump administration as a time of great progress. The Donald might be a necessary part of America’s social and political evolution.

There is also a good possibility that alleged sexual predator Harvey Weinstein would have never been arrested; and sexual predator Bill Cosby convicted, without Trump in the White House. Perverted creeps like Matt Lauer and Bill O’Reilly would have never lost their cushy jobs if Hillary was in the White House.