Originally Posted by
Karnak
Here is how it works, coming from a business owner who understands where his money comes from (that would be me):
The more money my customers have to spend the more I make. The more I make the more taxes I pay. I still come out better than had I not made the extra money that cause me to pay more taxes, but I do pay more taxes.
With the basic income system more people have money to spend, thus I, and other business owners, make more money and pay more taxes, taxes which are then used to pay out the basic income to people without jobs. Because people without jobs have a basic income paying enough for a basic lifestyle with a bit of luxuries they become participants in the economy. The more money being spent, the more demand, the more the owners and workers make. It is a virtuous circle.
The reason the US economy is struggling is because the consumers are not being paid enough to perform their role in the economy as consumers. As automation increases this problem is only going to get worse.
I would like my customers to have money to spend so that I can make money.
I would also not like to be hauled to the guillotines along with the likes of Jaylock when the starving masses rise up to take the horded wealth in a horrific revolution against those who hoarded wealth beyond reason while their fellow citizens starved.