Utopia Talk / Politics / Andrew Yang suspends campign

Im better then you rank	Thu Feb 13 00:59:38 2020 He had some interesting ideas and was pretty smart.
Sam Adams rank	Thu Feb 13 01:02:57 2020 He ate a bat and got the coronavirus
Habebe rank	Thu Feb 13 02:24:16 2020 Nooooooo, why God, why!!!!!! Such a cruel world we live in. Im all seriousness though his idea is a rehash of Milron Friedman's negative income tax which is a rehash of some kther guys basic income idea.
tumbleweed rank	Thu Feb 13 04:07:47 2020 he's got a good shot at a position in someone's administration... assuming total doom doesn't strike
Turtle Crawler rank	Thu Feb 13 04:36:27 2020 I'd vote for him, but I want 1k a month for my kids too.
tumbleweed rank	Thu Feb 13 04:43:27 2020 if you declared them as roommates it might've worked
Habebe rank	Thu Feb 13 06:39:04 2020 By yotal doom do you mean 4 more years?
The Children rank	Thu Feb 13 10:14:13 2020 so no more free moniez? i knew it, was 2 good 2 be true. shithole country
Habebe rank	Thu Feb 13 10:45:01 2020 Tc, Read up on Milton Friedman's negative income tax.
smart dude rank	Fri Feb 14 08:39:28 2020 TC doesn't read.
kargen rank	Fri Feb 14 22:40:32 2020 He will watch a youtube video of someone else reading though.
kargen rank	Fri Feb 14 22:40:32 2020 He will watch a youtube video of someone else reading though.
jergul rank	Fri Feb 14 23:55:23 2020 Negative income tax is impossible for as long as people can incorporate income. Poor habebe making 0 dollars a year. His company is however making 150 000 a year in profits and has 0 payroll. Habebe will sure be rich when he cashes out some day.
Habebe rank	Sat Feb 15 01:39:30 2020 Jergul, Easy fix, cap it. Im not proposing it per se. Bit i like the general idea.
Forwyn rank	Sat Feb 15 02:58:14 2020 Habebe will have an interesting time explaining to auditors how he's displaying a $150k lifestyle on a $0 income.
jergul rank	Sat Feb 15 03:30:54 2020 Forwyn Why would he be demonstrating that? He would have the negative income tax + whatever tax free expenses the company pays for. That a legal entity seems to generate decent revenue without a payroll has nothing to with habebe's personal income. And what auditors? If you make less than 200k, you have 1 chance in 80 of being audited every year.
jergul rank	Sat Feb 15 03:34:58 2020 habebe I did not understand what you meant.
Habebe rank	Sat Feb 15 06:40:07 2020 Jergul, Well if they put a cap on how much income somones small biz can bring in and still recieve payment from a negative income tax. That said I dont think this would.be a huge difference. In the US we have something similar with the earned income tax credit.
jergul rank	Sat Feb 15 11:14:45 2020 So the small business is owned by a retired aunt. She has very rigid contract obligations to you. Earned income tax credit is vulnerable to the exact same thing. Its probably not that much money, but a careful small business owner would adjust his income to the cut-off point.
Habebe rank	Sat Feb 15 11:42:59 2020 Well then in that example wouldnt the aunt then recieve less? How wide scalendo younthink this glitch is? I really dont see this as a major issue for it.
jergul rank	Sat Feb 15 15:02:54 2020 The retired aunt has a fixed income pension. The scale of potential abuse for child allowances is so wide that we do not means test it in Norway. Everyone gets it. The earned income tax credit is a form of means tested child allowance.
Habebe rank	Sat Feb 15 19:22:51 2020 And the EITC hasn't broken our bank and gives much neneded funds to low income families.
jergul rank	Sat Feb 15 20:10:31 2020 mkay.
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