What would it take?

[Schneed10]

Originally Posted by CRedskinsRule

just adding this about LW.

9% of the population makes over $100K/yr according to this link

Assuming that the LW was only given to US Citizens making under $100k per year, the yearly outlay for LW payments is roughly 4.4 trillion dollars.

Reducing it to only people making under $50k would still be 3.5 trillion dollars ($20K * 176Million people)

The US GDP for 2016 was $18trillion.
Federal Gross Spending was $3.9 trillion dollars

Government Pensions $1.3 trillion
Government Health Care + $1.5 trillion
Government Education + $1.0 trillion
National Defense + $0.8 trillion
Government Welfare + $0.5 trillion
All Other Spending + $1.6 trillion
Total Government Spending $6.7 trillion

So theoretically if we got rid of the myriad of welfare/education/healthcare governmental entities, and rolled it one lump sum governmental LW block grant to the states, we would go from $3Trillion, to $3.5Trillion.

Could you imagine the shift of power that would create politically

You'd still have to provide the healthcare on top of living wage. $20K per year gets you bare essentials like shelter and food, but not healthcare. Those folks would still need Medical Assistance.

[CRedskinsRule]

Originally Posted by Schneed10

You'd still have to provide the healthcare on top of living wage. $20K per year gets you bare essentials like shelter and food, but not healthcare. Those folks would still need Medical Assistance.

There would have to be a way to create a real LW wage number. I used 20K for ease of numbers, but yes LW would need to include shelter, food, and very basic healthcare entitlement.

The point of the LW is that you have basic security needs met (the bottom of the pyramid), but you are still working. Currently nearly 50% of the US population makes under $25K(same link as before). If minimum wage were reset to $4/hour and still assuming a $20K LW then every person in the US working a 40hr job would make $27.5K (with the tax scheme i made up). And a person making $10/hour would make nearly $40K.

LW for 1 person $800/mo rent, $400/mo food, $400/mo basic healthcare =$1600/month or 19,200 per year,
so 2 adults together, would have 1600/mo rent, 800/month food 800/mo basic healthcare

again, theory is simple, and talking in a forum blog is even simpler. The deepest fact is that politicians would never give up all the power they have by controlling the purse strings.

One thing I would add is that as a back check, in order to be given your 2017 LW you must provide proof that you used some or all of your 2016 LW to provide you with stable residence, and healthcare. I would think rental receipts and insurance payment stubs would do that but of course the devil is always in the details.

[NC_Skins]

I think we should take this time for a moment of silence for all those lives lost at Bowling Green. A go fund has been started for all the families affected by this tragedy. #NeverForget

https://www.bowlinggreenmassacrefund.com/

[punch it in]

Originally Posted by NC_Skins

I think we should take this time for a moment of silence for all those lives lost at Bowling Green. A go fund has been started for all the families affected by this tragedy. #NeverForget



https://www.bowlinggreenmassacrefund.com/

Best part is her excuse. I meant to say....stfu. You remembered something about bowling green something or the other and a terrorist attack, so you bring up the bowling green massacre. Wow. I thought the confusion about Frederick Douglass was bad but this takes the cake for this weeks show folks. Stay tuned for more amateur hour at the Apollo! As much as I enjoy the "entertainment", it's pretty God damned scary that these people are in charge of our country.

[Giantone]

DAMN those" alternative facts"!!!