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TopicNancy Pelosi wants UNIVERSAL BASIC INCOME now because of what COVID-19 did!!!
streamofthesky
04/29/20 7:07:14 PM
#19:


Zeus posted...
If nobody is working then the level of productivity won't be enough to sustain that bare minimum, unless the system is fully automated which it obviously isn't anywhere close to being. The idea that it could be generated through taxing companies when nobody is working at those companies is ludicrous.
Umm...for decades now corporate profits have soared while the size of the workforce has decreased due to automation.
That's the whole point. If there's less jobs available due to automation, people at least have UBI to take care of them, paid for by those corporate profits being taxed.
The only corporate tax breaks should be for maintaining above average ratio of full time workers (part time or seasonal counting as a fraction of 1 full time worker) to annual profits, and possibly another break for companies that restrict the top pay/benefits to no more than 10x or 20x the lowest paid employee's income (encourages companies to pay their employees well) or the like.

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