RE: Universal Basic income will fix the economy and tax system, even today
Your definition of UBI fails because you do not understand the current monetary situation we live under.
You believe that we pay taxes, and our taxes run the govern-cement.
They don't.
Everything that is sent to the IRS is thrown into a furnace.
Quite literally. Out of thin air, back to thin air.
Then, the govern-cement borrows more into existence.
The same is said with rental prices.
Do you know how much section 8 housing costs? Exactly as much as section 8 pays.
House prices go up, rent prices go up. Even without an increase in demand.
The formula is based on how much you can mortgage a house for. And how much you can mortgage a house for is based on the interest rate. Which is controlled by the same people that pull the money out of thin air.
So, you may have the best intentions, but without understanding how money currently works, you are playing into the banksters' hands. UBI will just become a giant sucking of more resources from everyone, and give it to the banksters' house owning friends (and they own all the houses because they get the best interest rates) who give it to the banksters.
If the government is good enough to implement a UBI then it's good enough to get rid of those problems. I don't think a UBI is going to be implement any time soon because of how corrupt the government is. But that doesn't mean I shouldn't discuss it.
In 2016, 16% of the federal budget was payed for with debt. Not everything. If the US did the same thing to pay for a UBI, then income taxes would be even lower.
I don't think you understand how money works. How much you can mortgage your house is based on how much demand there is for it in relation to it's supply. You can't just raise mortgage prices forever. People will find a different house to buy. You're right that the government controls interest, but they've lowered interest rates.
If the UBI is implemented then no, that money will go back to the people.
They have been raising mortgage prices forever. However, interest rates are near zero, so that may be coming to an end.
Our govern-cement is poisoning our water, food, and air. They are not good.
The govern-cement also cannot get social security payments correct, nor even make sure that EBT continues working. There failures would be even more epic with UBI.
And, the people that are pushing for UBI are the banksters. Wall street itself. Because then, they will have even more control over the money. UBI will not return it to the people.
It is a giving out with one hand, and taking it back with two others.