The plan would replace the $600 million in subsidies Denmark gives the island each year
The Donald Trump administration is reportedly considering giving about $10,000 to each Greenland resident as part of its plan to annex the island.
The possibility would seek to replace the $600 million Denmark gives the territory in subsidies every year, and has stopped being mere rhetoric to become official U.S. policy, according to The New York Times.
The outlet detailed that the plan already includes several cabinet departments and that the White House’s National Security Council has met several times to advance on it, recently sending specific instructions to different offices.
He will take most of it away in taxes.
And deport to forced labor colonies.
Oh gee Mr Trump a whole 10000, I can buy so many bubblegum with that
Hey when are we gonna get our $5000 Donny? I really need it to start building my crypto factory in order to become a billionaire by the summer.
Who in their right mind would trust the US right now? Or ever really…the US undid so much precedent over the last few months that it is laughable to even consider trusting them.
Even before that, who would want to be in part of America by choice? The health care horror show and massive inequality are but two reasons.
But a UBI would be economically unviable.
Lmao ok.
Well, yeah, it would be.
We would need to drastically increase taxes in order to have UBI for the poorest people in the US. Right now, across the board, all of us are paying some of the lowest income taxes since income taxation was introduced. After you consider things like the EIC, a lot of poor people have a negative tax rate. As it is, we’re running a budget deficit every single year, and most of that deficit is entitlement programs (I’m not using that in a pejorative sense) like social security and Medicare.
(No, social security is not fully funded; people pay in far less than they end up getting paid back, and the system relies on a constantly expanding pool of people paying into it to fund the people that are currently drawing from it. To fix that, we would need to increase social security taxes, end the cap on those taxes, and probably set the retirement age higher.)
Even if we took every single penny that every billionaire in the US had, that would fund the federal gov’t for something like eight months. Total. And then it would all be gone. (Plus the stock and bond markets would crater, but eh.)
Yeah, we need to bring back the highest marginal tax rates for sure. And we need to increase corporate taxes and eliminate a lot of the corporate cash giveaways. But we also need to increase taxes on the middle class. I’m saying this as someone that’s at the lower end of middle class; I’m not paying enough in taxes for what i think this country should be doing for the citizens of the country. But man, if you told me my tax bill was going to go up by $8k, but I’d also get national single payer health care? And national public transit, and free public universities? I would cream my panties.
Taxing the extremely wealthy and corporations at 90%+ would go far.
I was skeptical of your numbers, so I did the math:
Taking the first article I found newer than 2022, US billionaires have about $6.22 trillion of wealth ± recent stock market changes. UBI of $1000/month is most commonly estimated to cost $4 trillion/year.
US budget in 2024 was 6.8 trillion, but 1.87 trillion is in social security and income security programs UBI would replace, so the net change would raise the budget by 2.17 trillion to 8.39T. So 8.896 months - more like nine months than eight, but surprisingly close.
Of course, that assumes all other taxes are wiped out, which nobody has ever proposed. I can’t find a number anywhere for total income tax paid by billionaires, so we’ll be generous. OMB estimates billionaires pay an average tax rate of only 8.2%. Their wealth increased 2.9 trillion over 7 years, so ignore compounding and call it 414B/yr. And pretend it’s all taxed (which it isn’t - most isn’t considered income). That’s 33.9B in income taxes the IRS doesn’t collect after wiping out the billionaires. That reduces IRS revenues collected from 5.1T to 5.06T (being generous again with the rounding). That buys us another 7 months of government funding.
Alternatively, doubling the effective tax rate on the top 1% earning over 3.3M/yr from 26.09% to 52.18% would balance the budget including the new UBI. Get the effective tax rate on billionaires to match and you can start paying off the national debt. All without touching the middle class or even lowering anyone’s income below 1.65M/yr.
Don’t get me wrong - taxing billionaires out of existence is certainly a moral imperative - it just isn’t necessary to fund UBI.
Sounds like a one time payment.
Trump is a known liar and a thief.
10k of MY FUCKING TAX MONEY, you stupid ape!
McDonald’s do your job already. This is getting ridiculous.
The Simpsons predicted him dying tomorrow.
That was fake, unfortunately.
https://www.snopes.com/fact-check/simpsons-predict-trumps-death/
Fuck sake, I’ve been waiting for tomorrow.
Make tomorrow today
What use is $10,000 if it destroys their economy?
Lol, literally fucking stealing from tax payer after crashing the economy so that he can pay off a foreign country to join the scam
Even $5 million would probably be cheaper than what it would cost to take it by force.
I’m sure the French nuclear sub siting off the coast of Canada won’t have anything to say about the USA invading a NATO ally.
We don’t have any boomer off the Canadian coast, please look away and have some of this nice bread.
That won’t even cover the costs of moving to a non-fascist country.
Lol yeah 10k in american healthcare is like 1 insulin shot 💀
Why do we need Greenland? Is it so we can easily attack Russia or something? Isn’t Alaska pretty fucking close? Like what is the reason for annexing Greenland?
There is a shipping route opening up that would enable Asian-Europen-American trade via a about 2/3 shorter route than currently possible. It would make any route through the Suez canals or around Africa pointless. This might not sound important right now, but it would fundamentally change the fortunes of countries and reshape the world.
https://www.thearcticinstitute.org/future-northern-sea-route-golden-waterway-niche/
Greenland and all the areas surrounding it know this. They will not be giving Greenland to America.
Ressource deposits.
Probably many greedy reasons, but my personal favourite speculation: annexing Greenland surrounds Canada and stops any potential aid by its NATO allies in case of an invasion, since annexing Canada is one of the stated objectives of the US now.
In terms of strategy for actual national security, they already got all the access they wanted, if they wanted more all they had to do was ask. If they’re the ones doing the attacking of a common ally, though, they wouldn’t get that access. So it’s only of added strategic value to annex instead of maintaining the alliance if the goal is to attack members of the alliance.
Mineral rights and control of what will be a major shipping route as the North opens up due to climate change.
Fuck that’s insane. Makes perfect sense but holy shit. I fucking hate this planet and this country even more.
No it doesn’t make sense. Unless there is a grift.
Because in the past a company could negotiate for passage and minerals.
But this time a countrys leader wants to get in on that wealth and grift.
So it makes sense only if some asshole abuses their power for greed.
This all sucks.
I meant fucked as in our politicians are, despite what we think, thinking generations ahead to the point they’ve accepted the consequences of our actions and know there’s no going back and therefore looking for ways to monetize the future bleakness that is our world.
I worded what I said poorly. I agree with you, it makes no sense. Short term thinking. I was trying to say that they could do all sorts of horrible things in the old fashioned way, not draw much attention and not much complaint. They could accomplish their short sighted plans without all the drama and scrutiny.
Climate could play a part, too.
Especially since some of Greenlands resources would replace resources the US military purchases from CHYNA.
Do we really need to repeat trumps limp humor here? Its spelled ‘China’, Brad.
Trump definitely won’t attack Russia. Vladimir Putin is his bestie.
I think Putin is uncomfortable with a NATO country in that strategic position, so he has manipulated Trump into thinking that it would be a good “real estate deal” for the US to take it over.
I think it’s strategic for when he pulls the US out of Nato, of course he will want the resources as well.
If they pollute enough to finish melting the north pole , it open a new trade route. And the pollution part is already plan with coal mining and fracking.
And he’ll totally get that money out to you any day now. The check is in the mail.
US should pay at least 5 million to each person. That is how much Trump is selling his gold card visa anyway.
Trump is notorious for stiffing people he owes money to
Not when it’s the public’s money…
