Comment

New From Olbermann: Trump Is Lying About Russia

421
Renaissance_Man11/07/2017 10:06:43 am PST

re: #416 William Lewis

I support a version that pays out annually - you send in your tax form and if you’re below $x,000 you get a check for the amount to take you up to X. Some will waste it but more won’t and it would be a huge boost to the economy. I think giving people the presumption that they will use it correctly will get folks doing so.

I agree that people should be given the presumption that they will spend it or invest it however they think is best. Yes, there will be some irresponsibility, but it doesn’t matter in the end - being irresponsible with relatively small amounts of money will still boost the overall economy. However, I think it must be the same amount given to everyone, regardless of income level. Giving it only to the poorest increases resentment and is functionally no different from welfare. Giving the same to everyone, even the rich, will make basically no difference in overall cost (because the number of poor is much greater than rich), make only a very tiny difference to the rich (because the amount is low compared to what they already have), make a huge difference to the poorest, and leave less room for complaint as everyone is treated the same.