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View Diary: Crumbs much too small for the other Whos' mouses (199 comments)

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  •  Guaranteed income. (3+ / 0-)

    Sorry that I just made your head explode with a non-capitalistic notion  [or am I ?]

    Guaranteed Income - Jeremy Rifkin

    The investors can and do rent the properties.

    And who is 'creditworthy' nowadays?  Even the banks aren't creditworthy, but they had no problem getting bailouts.

    The banks have a stranglehold on the political process. Mike Whitney

    by dfarrah on Sun Dec 16, 2012 at 07:35:49 AM PST

    [ Parent ]

    •  I oppose bailouts (0+ / 0-)

      All bailouts, all the time, for anyone from the smallest household to Citibank itself. All institutions need to be run in a solvent manner or be destroyed.

      And I realize I have a reputation on here, but I would not necessarily be opposed to a guaranteed income. The devil is in the details, though. How do you know your guaranteed income won't just drive inflation and leave the recipients in the same place? And are you going to have a global minimum income? Are US people more deserving of a high living standard than people elsewhere? The resources to allow everyone (7 billion) to live at US living standards don't exist. How do we arbitrate competing needs for resources?

      I think things are going to have to be different, but I don't know exactly how just yet.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sun Dec 16, 2012 at 08:41:01 AM PST

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      •  Obviously I mean (0+ / 0-)

        "Go bankrupt" more than "be destroyed".

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Sun Dec 16, 2012 at 09:12:11 AM PST

        [ Parent ]

      •  Your question about resources (0+ / 0-)

        has already been answered by the decisions made by policy makers and people with power.  They are the wrong decisions, but nevertheless, the decisions have been made.  So, we need different people with power who can make different decisons for a change.

        At some point, somebody has got to make a decision to try something else and see if it works, just like we used to when we implemented policies or invented things.  

        We already have a guaranteed income of sorts, don't we, with the earned income tax credit?  Couldn't we do more of that for starters?  

        The banks have a stranglehold on the political process. Mike Whitney

        by dfarrah on Sun Dec 16, 2012 at 03:44:30 PM PST

        [ Parent ]

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