“Many possibilities here: See the Alaska Permanent Fund as one model for a small one.”

The UBI idiots seem to be embracing sovereign wealth funds as a potential UBI ATM. Let’s drown that baby in the tub:

A soverign wealth fund is amassed when a nation finds itself in the unusual circumstance of generating national income far in excess of what its population requires. There are TWO models we see in the world for this.

ONE is when a small population country that happens to be a desirable vacation spot generates tons of wealth from that activity, and spreads it around.

TWO is when a small population country has outsized wealth in natural resources.

Note the common denominator between the two, that being “small population”. Does anyone think the US has a small population? Class? Bueller?

You’re not taxing me on my robots because I am using them to farm my own private land and I am not declaring any profits I make from trading my surplus. I can assure you that I will not let communists steal from me.

Amen.

(OP) “The fewer jobs there are, the more the wealth will be concentrated into the hands of the few who own the means of production.”

Yes. We may get to that point in another 50–100 years or so.

but there are also tens of millions of Americans who would fight socialism with the last drop of their blood.

Count me in.

“Many kinds of taxes could fairly increase revenue.”

Today’s minimum wage nets a person $7.25/hr * 40 hours in a week * 52 weeks in year. That’s $15,080 per year. We know nobody can live on that, because that’s what all the Demosocialists keep telling us, they need $15 an hour.

OK, $15 an hour is $31,200 a year. I assume that’s per family, so there are about 185000000 tax returns filed in the US every year, so you need 5.772x10 to the 12th power dollars to pay for it all. :-)

I’m not sure, but I believe that amount of money is in excess of the total amount of money in circulation on the entire planet.

This ain’t happening. Not because people wouldn’t vote for it, but because it’s mathematically impossible.

You’ve taken way too much time with this fool. He knows nothing about macroeconomics, and even less about politics and psychology.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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