A country as wealthy as America should not have a problem with poverty.
We should have a basic income for all citizens as a right of citizenship. Eliminate the cap on Social Security taxable income and expand it to all adults. Start accounts for all newborns that they get when they finish school to get started in life. Four year college for all students who can, and tech school for those who can’t. We can do and afford it all if we only have the will!
There are a few countries that do this and similar stuff for their citizens. These countries weathered the recession better than we did!!! Check out Denmark, they do all kinds of stuff for their citizens and before you complain about high taxes think about this. Our companies are complaining that we have the highest corporate tax rate of all modern countries. So how do these countries do these things with low taxes? Simple, they do not let corporations weasel out of paying their fair share like we do.
The blowback I got from those who are well off, (remember 93% of our wealthy folks inherited their wealth), is that if people have a basic income they will not work, but if that is true why do military retirees, who can retire at 38 with a generous pension, still work? Why do social security recipients still work?
A basic income for all would allow us to eliminate the social safety net the rich seem to always complain about. Workers would not have to work to keep from starving and as a result businesses would have to bid for our labor instead of us begging them for a job! You wouldn’t hear about a minimum wage as I imagine the bidding for workers might eliminate that.
Sounds good on this Labor Day! Here’s a plan for taking back from Businesses’ and Corporation’s the dignity and value our work should produce. Here’s a plan for boosting the spending power of the poor and middle class and leaving behind the failed and greedy policy of Supply Side, or ‘Trickle Down’ Economics which has damaged our economy and brought about the latest version of the Great Recession.
Yep we can do it all if we only have the will. We can make this country live up to its promise as articulated by Franklin Roosevelt in his Four Freedoms. We have accomplished 3 of these freedoms, freedom of speech and worship, and freedom from fear. Now we have the power to accomplish the last of these freedoms, freedom from want. The mechanics are already in place. The tools are available to us. Let us make a better country and thereby a better world by finishing the work Mr. Roosevelt set us on some 73 years ago. Let us end poverty and financial inequality in America once and for all.