Will GOP Congress or Trump admin consider a basic universal income?
9 May 2018
26. Will GOP Congress or Trump admin consider a basic universal income, whether as a replacement or supplement to entitlements?
I doubt it, but if they do, I hope it’s only to thoroughly squash the idea.
The goal should be to reduce entitlements, if not eliminate them. The goal should be to create an economy where businesses thrive and need workers. The goal should be putting Americans to work, not providing more ways to get money/goods/services without earning them.
Entitlements are ultimately paid for by hard working Americans who pay taxes, and the only way to provide that much money is to raise taxes, and every time you raise taxes, you raise the cost of living which hurts the poor. It’ll be a vicious cycle of raising the basic income to keep up with the rising cost of living. College tuition costs are a perfect example of how this works: schools raise tuition, guaranteed loans cover the rising cost, schools raise tuition, etc. What keeps it in check? Nothing. You’ll have runaway basic income and cost of living. Squash the idea like an ugly beetle.
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