11–20 of 52 posts
Do people actually believe this universal basic income nonsense? If money isn't scarce but goods are the goods become proportionally more expensive. Inflation is a thing.
Do people actually believe this universal basic income nonsense? If money isn't scarce but goods are the goods become proportionally more expensive. Inflation is a thing.
Halfway through: > These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds. > "When paying for the policy by increasing taxes on households rather than paying for the p…
Wait a minute, though: Every adult gets $1,000/month. That's $12,000/year. How many adults do we have? Well, the US population is 326,000,000. Median age is 37, so I'll guess that 3/4 of the population is "adult" (age >= 18). That means that paying this handout will cost $12,000/person * 244,500,000 people = $2.934 trillion. That's... not a net win.
Halfway through: > These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds. > "When paying for the policy by increasing taxes on households rather than paying for the p…
Halfway through: > These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds. > "When paying for the policy by increasing taxes on households rather than paying for the p…
I'm a libertarian. I think that the UBI could allow for economic growth based solely on the power it as to eliminate the welfare trap. However, this would only work as a replacement for all welfare, though. It would have to replace welfare, food stamps, social security, etc, with the exception of medicaid and medicare. I support UBI only as a replacement for existing (bad) welfare systems. I think UBI in conjunction…
The problem is that very many welfare recipients get more than $1,000/month per adult. Disabled? Single mother with children? You'll easily get 2x that (including check, food stamps, subsidized housing).
And no one is going to want to take away from the poor.
$1,000/adult/month replacing welfare is an impossibility. We'd have to use much larger numbers.
Do people actually believe this universal basic income nonsense? If money isn't scarce but goods are the goods become proportionally more expensive. Inflation is a thing.
Halfway through: > These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds. > "When paying for the policy by increasing taxes on households rather than paying for the p…
Startups could grow more if they borrowed more money!