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Tyler65
Newbie

USA
13 Posts

Posted - 06/17/2017 :  16:17:02  Show Profile  Reply with Quote
http://www.businessinsider.com/hawaii-basic-income-bill-2017-6

leilanidude
Punatic

USA
2523 Posts

Posted - 06/17/2017 :  17:11:37  Show Profile  Reply with Quote
"After much work and with the help of a few key colleagues, it passed both houses of the State Legislature unanimously."
------
No surprises there, with an almost 100% Democrat House and Senate. You either follow the party line or you get no funds for your re-election.


On a side note, does anyone think that Hawaii needs any more non-productive people in the state? How many more state employees would there have to be in order to administer this? how much higher would the taxes go?

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Radiopeg
Kamaaina

USA
674 Posts

Posted - 06/18/2017 :  09:26:17  Show Profile  Reply with Quote
Given the lack of good paying jobs and the high cost of living, maybe this isn't such a bad idea. I'd like to see something like this tied to volunteer work as a start. Even roadside clean up, people caring for family members with disabilities, that kind of thing.

Peace and long life
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Wao nahele kane
Punatic

USA
2283 Posts

Posted - 07/02/2017 :  16:18:03  Show Profile  Reply with Quote
Seems that it would be more effective to provide free transport of goods between, to and from the island accompanied by lower business taxes. For one, it would cost less than universal income and two, it would generate more business, in turn, generating more revenue for the state while employing more people. The state could also subsidized public travel between, to and from the islands.
Transportation and taxation are this States greatest obstacles for a thriving economy.
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randomq
Kamaaina

USA
681 Posts

Posted - 07/02/2017 :  17:02:30  Show Profile  Reply with Quote
"Innovation and forward-thinking may be Hawaii's two biggest exports in 2017."

Who knew? :D

Edited by - randomq on 07/02/2017 17:03:14
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punaticbychoice
Kamaaina

898 Posts

Posted - 07/03/2017 :  16:54:08  Show Profile  Reply with Quote
randomq @ 17:02:30-

You could say, that explains a lot around here.
"The get up and go, got up and left"
The State that is.
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Wao nahele kane
Punatic

USA
2283 Posts

Posted - 07/03/2017 :  17:03:35  Show Profile  Reply with Quote
Unfortunately, Western society hasn't reached the required technological advancement plateau necessary to begin universally applied income. Those nations that have begun, have so prematurely and rely heavily on external sources within the EU (other states contributions).

See Laffer Curve. The current total averaged taxation rate between local, state and federal taxation is approximately 72% percent, leaving you, the consumer, 28 cents on the dollar earned, buying value.
According to recent economic studies, the prime rate for total taxation is 33.33%, the sweet spot, where government collects its highest potential.
The principles behind the Laffer Curve are also applicable to regulatory issues, combining over taxation and stringent regulation is a recipe for economic collapse.

Edited by - Wao nahele kane on 07/03/2017 17:35:21
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randomq
Kamaaina

USA
681 Posts

Posted - 07/03/2017 :  19:24:02  Show Profile  Reply with Quote
Assuming basic income starts at birth, having kids is going to get a lot more profitable. Are we gonna see a baby boom just as jobs are disappearing? How sustainable will that be?

It's something none of the current studies address, and a major perverse incentive. Unless we need all those kids for something. Like war over dwindling natural resources and arable land.
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