851
We Can Do This! (lemmy.world)

Register to vote: https://vote.gov

Contact your reps:

Senate: https://www.senate.gov/senators/senators-contact.htm?Class=1

House of Representatives: https://contactrepresentatives.org/

you are viewing a single comment's thread
view the rest of the comments
[-] cqst@lemmy.blahaj.zone 0 points 7 months ago* (last edited 7 months ago)

Universal Basic Income reduced child poverty by 30%.

https://en.wikipedia.org/wiki/Child_tax_credit#United_States

By making the child tax credit non-refundable it is effectively a Negative Income Tax which is a form of UBI.

'Additional housing fixes the rent problem. UBI puts a temporary bandaid on it. Universal healthcare fixes the medical expenses problem, strong unionization fixes the wages problem. Don’t get me wrong I’d love the paycheck, but it isn’t the solution people think it is.'

All of your points misunderstand what the goal of UBI is. By guaranteeing that everyone earns a certain amount of income, the government is garaunteeing a basic standard of living. So a CTC of $3600 means that everyone is guaranteeed an income of at least $3600.

At first, there will be an inital raise in prices as a UBI will likely increases aggregate demand which will increase prices, but eventually prices would stabilize.

Of course, this only helps people with children right now, and there are barriers to filing a tax return in the United States. But the laws could be change to expand the credit, and it's completely possible for the United States to implement return free filing.

this post was submitted on 02 Apr 2024
851 points (97.0% liked)

Political Memes

5426 readers
2069 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 1 year ago
MODERATORS