Universal Basic Income

[Rajni]

If you leave your place in line you often must go to the back of the line to get back in (life lesson # 457).

It definitely highlights the flaws in the commonly-held Christian belief that the wife should stay home, that's for certain.

 

[Rajni]

 

[OldWiseGuy]

It definitely highlights the flaws in the commonly-held Christian belief that the wife should stay home, that's for certain.

That all depends on what the material goals of the family are.

 

[Kalevalatar]

Hold on there. My wealth was made in the rental housing business, by my labor, not someone else's. I now earn interest on the earnings and profits from that enterprise. That wealth is available to borrow from the banks that hold it (at low interest rates at that).

Well, what kind of hedge fund scheme you run exactly?

 

[Rajni]

That all depends on what the material goals of the family are.

I'm actually eager to find ways to make my humble little cashier salary work long-term. I don't really need much. I'm big on staycations, I'm not the sort who absolutely must see Paris before I die , so a lower income, without any additional help (other than what I make from the sale of my house) just might work. And at this point, I'm not sure a secretarial job would be preferable to what I'm doing now. I really do like it. Most days.

 

[OldWiseGuy]

Hard work alone guarantees nothing (note the qualifier, "If").

 

[OldWiseGuy]

I'm actually eager to find ways to make my humble little cashier salary work long-term. I don't really need much. I'm big on staycations, I'm not the sort who absolutely must see Paris before I die , so a lower income, without any additional help (other than what I make from the sale of my house) just might work. And at this point, I'm not sure a secretarial job would be preferable to what I'm doing now. I really do like it. Most days.

I like your attitude.

 

[OldWiseGuy]

Well, what kind of hedge fund scheme you run exactly?

No hedge funds. My savings are held in FDIC insured cd's, in several banks and a credit union. The money is available to qualified borrowers, for legal purposes approved by those institutions. Nothing devious, illegal, or greedy here.

 

[Rajni]

The statement is false on it's face. Hard work alone guarantees nothing.

THANK you! I think it's addressing those who equate joblessness to laziness. As I've already shared, in the real world it seems to have more to do with who we know than our abilities, and whether or not the employing agency is in the mood to hire us on any given day.

 

[OldWiseGuy]

THANK you! I think it's addressing those who equate joblessness to laziness. As I've already shared, in the real world it seems to have more to do with who we know than our abilities, and whether or not the employing agency is in the mood to hire us on any given day.

People find employment in various ways. Agencies are usually flooded with qualified applicants so there is lots of competition for a limited number of jobs. Many job opportunities are never advertised broadly. Hires are often made within a small network of people familiar with each other. Trade union jobs are rarely advertised. Workers contact their union rep for openings. Only if there are no tradespeople available do these jobs appear publically. It is also common for employers to ask employees if they have a friend or relative that is looking for a job, relying on that person to share the same qualities.

 

[LadyCrosstalk]

Can you define the super wealthy and how you know what they want?
How do you know they want to siphon off and appropriate from middle class and want 90% of the world to die?

The merely wealthy are the upper 1% of the population who scooped up a large amount of the productivity gains of the past several decades. The super-wealthy are the one-tenth of the 1% who are astoundingly wealthy and who have gained enormously over that period of time. This has been at the expense of the poor and the middle class (and the middle class are the ones who actually do the work). I have researched it well--through public sources and my own private knowledge.

The super-wealthy are, of course, not a monolithic group. But there is a sizeable contingent among them who have a religious zeal about the "need for depopulation". Every so often, some of the more foolish among them, like Ted Turner or Jacques Cousteau pop off about their desire to see drastic depopulation. Not all of the people in the depopulation group are super-wealthy but they all live and work among the elites. [Staff edit].

 

[OldWiseGuy]

The merely wealthy are the upper 1% of the population who scooped up a large amount of the productivity gains of the past several decades. The super-wealthy are the one-tenth of the 1% who are astoundingly wealthy and who have gained enormously over that period of time. This has been at the expense of the poor and the middle class (and the middle class are the ones who actually do the work). I have researched it well--through public sources and my own private knowledge.

The super-wealthy are, of course, not a monolithic group. But there is a sizeable contingent among them who have a religious zeal about the "need for depopulation". Every so often some of the more foolish among them, like Ted Turner or Jacques Cousteau pop off about their desire to see drastic depopulation. Not all of the people in the depopulation group are super-wealthy but they all live and work among the elites.

I'm not super rich but I believe in reducing global population. While we can certainly feed and clothe more people we do so by reducing the quality of life for most. Fewer people can enjoy a better life, and reduce the damage to the planet.

 

[LadyCrosstalk]

I know it's easy to get caught up on what's fair, but any type of socialism or universal-anything is in now way fair. No matter what system of government you have, someone will have to take up the slack. In this case, paying a McDonalds worker the same as a doctor is a major slap in the face.

It's just like the wage gap myth for women. Women don't really get paid less, they actually work less than men on average. They work less hours and take more breaks/vacations.



8 Reasons Why The "Gender Pay Gap" Is A Total Sham

Things are more fair under a capitalistic system. You get paid for your skill level and the value you provide to the world/your clients, etc.

If robots replace humans, then get in the business of robot programming. Learn code. Every year, online retail sales are taking bigger chunks out of brick-and-mortar stores. I work for a guy who makes millions buying and selling on Amazon and Google, using affiliate marketing, and so much more.

You have to adjust with the times, learn new skills, and grow as a person.

Not everyone has the ability to do what you suggest. The Lord has supplied various gifts to individuals as He sees fit. He intended that the most able among us would care for the weaker individuals. Children and the elderly are the least productive among us--does that mean they should be left to die?

 

[381465]

It's a shame there is a strong inverse correlation between fertility and income in the world.

 

[LadyCrosstalk]

I'm not super rich but I believe in reducing global population. While we can certainly feed and clothe more people we do so by reducing the quality of life for most. Fewer people can enjoy a better life, and reduce the damage to the planet.

Well, just wait a while--it will be done whether we like it or not. Mankind has been on an extinction path since the Fall. Read my post on genetics and you will see that it is an inevitability with or without worldwide war, epidemic or famine. Eminent geneticist (and independently wealthy) John Sanford, Ph.D. (the inventor of the "gene gun") speaks to the issue in his book, Genetic Entropy. He also says that all world-class geneticists understand the problem but that most are unwilling to make any public statements about it. The deadly curse on the world, following the Fall, is much more profound than most even think about. God made all of Creation perfect but the Fall began the slow march to the death of the entire planet and all creatures inhabiting it. God is the source of all life and separation from Him leads to death. But He has made a way for mankind to be spared and go onto eternal life in the resurrection.

 

[LadyCrosstalk]

It's a shame there is a strong inverse correlation between fertility and income in the world.

That is because having many children, in the poorest areas of the world, is a means of "social security". The devastating poverty of people in the Third World guarantee that they will have many children in order to try to see that at least a few survive to care for their parents in their old age (which they HOPE to achieve). Study after study has shown that people groups naturally limit their fecundity when they become more educated and prosperous.

 

[Fantine]

Only a society with widespread prosperity can insure the demand to keep the wealthy prospering. A UBI is an investment in a society's prosperity.

The great depression and 2008 recession took place when more than 25% of the wealth was concentrated on 1% of the population.

If everyone was poor, old wise guy, who could rent your houses? How much would you have to reduce your rents to get tenants? Who could afford to buy those houses if you wanted to sell them? Who would qualify for those loans so you could draw interest?

Widespread prosperity allows you to prosper.

My grandfather was a landlord in Brooklyn, NY during the great depression. He had three tenants who couldn't pay rent. He didn't evict them because they were his friends, and knew no one else could afford to come and rent from him. They just struggled together, helping one another.

A UBI would have been handy.

 

[Thursday]

You'd be surprised how many wealthy people have never actually worked for a living, instead collecting unearned income, even the fruits of someone else's labour: inherited, property income, portofolio income, interests, rents. Some even set up hedge funds for "income."

That's a very tiny percentage. [Staff edit].

 

[Thursday]

Doubtless, true. But the system is rigged to increase their wealth at the expense of some very hard-working people. You are correct that there is no conspiracy to keep the poor, poor. In fact, most of the super-wealthy desire to siphon off the productivity of the hard-working middle class and appropriate it for themselves and the poor.

The system is not rigged, it's just what happens in a free society. Those who understand money and markets and have a good education will continue to prosper at a faster rate than others.

There is no benefit to keeping the poor poor. Wealth is contagious, and a wealthy lower class will only increase the wealth of the upper class.

This is a straw dog argument that has been used by leftists for decades.

 

[LadyCrosstalk]

That's a very tiny percentage.

The problem is that they covet the productivity of the working middle class (who do the vast majority of productive work). There has been a disproportionate growth of the "FIRE" sector of the economy (Finance, Insurance and Real Estate). And that makes a lot of money for the elites off the backs of working people. The elites then pour their gains into real estate where it raises the cost of housing to obscene levels. To add insult to injury, the finance sector does immoral things like packaging very questionalble real estate loans into "tranches" that it then sells to pension funds (along with "insurance" policies which weren't worth the paper they were printed on). When the house of cards collapsed in the 2008 debacle, it drained trillions of dollars from the pensions of the hard-working middle class. The banksters who did that SHOULD have gone to jail--they knew what was going to happen but did not care. Warren Buffett called the CDOs (collateralized debt obligations) "weapons of mass financial destruction" WELL in advance of 2008 but no one in our government cared enough about the average citizen to even begin to protest. Our federal "watch dogs" were laying next to their dog houses, afraid to even bark. Our federal legislators feed heavily at the trough the banksters provide. Draining the swamp that is Washington is a near impossibility. The only thing we can hope for is that President Trump and the honest members of Congress (and there are SOME) will be successful in handing much authority back to the states. The federal government, especially under the Dems, (but it has been going on for decades now) has usurped much power from the states. Concentrating power in Washington has not served the people well.