Tornado Alley (PROG)

[12yearplan]

Fair enough OMO definitions are important and why we have words that seem to be synonyms but never exactly. Doesn't it come down to semantics as peoples lives don't exist in a void outside the market place. The dollar amounts are always going to be relative. Universal income, tax credits, micro credit, barter (trading heroin for sex, etc,..), reality tv survival shows, etc,.. everything is transactional. People need people. Even the hermit Japanese soldier living in the jungle for 40 years was unemployed so wouldn't qualify for a tax credit but the universe provided a universal income. Cuz people don't stop living, unless in a coma, weeze industrious animals, never stop moving, even the semi-comatose heroin addict gets laid. Anyhow links at the bottom.

edit: didn't see this, great minds think alike:
 
 
OMOLIVES Free 07/28/24 9:39 PM
Post #486,967
Re: #486,962: @blackhawks - How would you repackage 'negative tax' so as
 
Not sure.....but definitely the same way as to not see today's Democrat identify it as "universal income". Income has been universal since fire was discovered. So stop with the stupid words. :)
 
Also, was interested in what the usa in 2023 thought was close to the edge for an earner:
Tax Year 2023
 
Find the maximum AGI, investment income and credit amounts for tax year 2023.
 
Children or Relatives Claimed
 
 
Filing as Single, Head of Household, or Widowed
 
 
Filing as Married Filing Jointly
Zero
 
$17,640
 
 
$24,210
One
 
$46,560
 
 
$53,120
Two
 
$52,918
 
 
$59,478
Three
 
$56,838
 
 
$63,398
 
Investment income limit: $11,000 or less
 
Maximum Credit Amounts
The maximum amount of credit:
 
No qualifying children: $600
1 qualifying child: $3,995
2 qualifying children: $6,604
3 or more qualifying children: $7,430

[see link, didn't c&p well]
 
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables#EITC%20Tables
 
https://basicincome.stanford.edu/experiments-map/
 
Grace receives $22 a month as part of a 12-year universal basic income study run by the charity GiveDirectly that began in October 2016 in Western Kenya
The idea of a basic income was, for decades, something of a policy fantasy. But the last few years have seen it become less outlandish, to the point where we now have many limited basic income programs up and running around the world — perhaps a dry run for a broader embrace of the policy in the coming years.
 
The general idea — that the government should give every citizen a regular infusion of free money with no strings attached — has been around since the 16th century. But it’s recently experienced a remarkable resurgence: Advocates ranging from tech billionaire Mark Zuckerberg to libertarian economist Milton Friedman to former Democratic presidential candidate Andrew Yang have endorsed it.
https://www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map
 
Microcredit was a hugely hyped solution to global poverty. What happened?
 
Studies have shown it hasn’t really lifted people out of poverty. But it’s still made a difference in the lives of the poor.
https://www.vox.com/future-perfect/2019/1/15/18182167/microcredit-microfinance-poverty-grameen-bank-yunus