You are assuming some things here. One is that the guaranteed wage has to be paid for with taxes. But my proposal is to pay for it with created money, as is done with quantitative easing.

Second, you assume that if people don't mostly all work, we won't have enough stuff. That is exactly the economic earthquake now shaking under your very feet--the change away from an economy of scarcity, brought to you by robotics and AI. Mass consumption will not be funded by wages that no one intends to pay because the workers are NOT NEEDED for production. We either maintain the ability to consume by other means, or just let a bunch of people pick garbage at the dumps.

Sorry, not allowed. As whell points out, the .01% have no intention to pay taxes, or allow taxes on enterprise that cut into their 'earnings.' That is what makes my plan to finance consumption with created money necessary. Fortunately, the .01%'s determination to horde maximum profits means we won't have to contend with hyper-inflation when we do this.

Being a Type B, I'm not going to expend any of my own effort to reply to you.

Instead I'll go with "What Don said". :)

http://www.politicalchat.org/showpos...7&postcount=11

This plan is imminently doable because the rich will come around to loving it. Their taxes do not go up, all the profits still go to them, and there will be more and more profits because with demand restored the economy will take off like a rocket! They will get richer than they ever dreamed!

I've been skating like that for the past 9 years.

40 years if you count the 31 years I spent "working" for the government.

My contribution to society has been pumping my paychecks and then my pension and social security checks back into the economy. The worker bees seem to like it when I do that. :)

No guillotines? There has to be guillotines. ;)

The six hour workday works in Europe. What about America?

Labor force...sick less, work harder, lower stress.

https://www.bloomberg.com/news/artic...-about-america

Oh no, no guillotines. We don't lop off the heads of the rich. First of all it would be very hard, if they find out you've got that in mind, they will fight. They can hire henchmen who will disappear you, or take many other sorts of unpleasant measures. They can be a real tough bunch, with lots of resources.

And there's no need to get into that big hairy fight. It's not like we have to kill them and take their money. We just make more.

The beauty of my scheme is we don't have to turn society upside down with a bloody revolution. We just make one relatively easy change, and then things just roll along as they are, except lots of people are out of privation, and the economy perks up a lot.

Uncontrolled and irresponsible breeding are the cause of the labor surplus. The United states has doubled it's population in the past 65 years.

We need to strictly control breeding. Having babies is NOT a right guaranteed by the constitution.

I agree.