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Finland's failed basic income trial exposes timele

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Dr E View Drop Down
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Champion


Joined: 05 Feb 2013
Location: Australia
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Points: 18191
Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 04 May 2018 at 10:30pm
Originally posted by VOYAGER VOYAGER wrote:

Any welfare program which either

A. Hands out money when a person needs it, or

B. Hands it out when the recipient is less likely to add value to society,

is flawed.

If the governments started an account with $10,000 for every baby when they were born, and the part of the parents income was compulsorily entered into the account each fortnight, then by the time the child turned 21 they would have enough for a deposit for a house in Sydney or to buy one anywhere else in the country. At least this way they have a financial base which they can live their life with.

The other way is for governments to build homes (which they already do), offer loans to parents with no deposit and no interest, making it a financially neutral loan for the parents (in other words the rent from the tenants could cover the loan's monthly payment).

The problem with welfare currently, is that you are spending bad money after bad, and not getting any value from the recipients, who can offer something to the community.

As Kerry Packer once said, he did not mind paying taxes, but did not pay taxes to see governments waste the money.

It is similar to subsidiing gastric band operations for people over 20 kilos overweight. A study showed before the last election that the federal government spent $40,000 a year on each individual.

Now the operation costs $20,000.

So which do you think is more financially viable, spending $40,000 a year for at least 20 years, or a one off payment of $20,000.

Oh well what do we know!

I like some of those ideas VOYAGER, and agree with the sentiment!

It would certainly make people think harder before they chose their parents!LOLLOLLOL

Seriously though, that is the issue, we have created a whole segment of our society that has accepted that the family business will always be welfare dependency, never aspire to anything more, never contribute to society, and other people's success is to be viewed with scorn and disdain ... and I'm not just referring to the Muslim enclaves. Life is just too good for many of those Housos who are receiving the Professional Surfer's Scholarship, as we used to call it!Wink 

...oh and it's the Green/ALP Collusion's politics of envy and entitlement that helps perpetrate the myth that our society can survive with more and more parasites.Dead
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Afros View Drop Down
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Joined: 14 Jan 2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 05 May 2018 at 7:45am
Originally posted by Dr E Dr E wrote:

... and there you have it ... poor people make these judgements about the wealthy, with no understanding or experience whatsoever.Ermm

For rich people, tax is just a way of keeping score ... you know, you have to earn it before you can minimise it ... not a problem that confronts more than half of the population!

One of the wealthiest people I ever know personally, loved writing out a cheque each month to the ATO.

As he said ... "if you're not paying tax, your're not making money!"Big smile


I think you've missed the point as usual. If you hand over more then you're required to legally your not being smart no matter if your income before deductions is 40k or 400mil.
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Dr E View Drop Down
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Joined: 05 Feb 2013
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 05 May 2018 at 12:49pm
Originally posted by Afros Afros wrote:

Considering one of his most famous quotes in relation to tax avoidance was 'anyone who pays more tax then they have to is an idiot' I doubt he would have been happy to pay tax!

No, this is exactly what you said - can't misconstrue your envy, OR your error.Embarrassed

btw, his comments were in relation to tax minimisation - tax avoidance is illegal.
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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