6 ms·
> You can't redeem the vouchers for cash, only for the good or service the vouchers are designated for You are misunderstanding the scenario. I am a food prov
by andrewla 8y ago
> You can't redeem the vouchers for cash, only for the good or service the vouchers are designated for
You are misunderstanding the scenario. I am a food provider. Someone buys food from me for vouchers -- what do I do with those vouchers? I assume I exchange them for cash from the government, otherwise, I can't pay my rent or my employees or for cleaning products.
The problem with not regulating the $20 hamburger is that I sell a $1 hamburger for $20 in vouchers, and slip the customer $18 in cash (that I replenish by redeeming the vouchers, as above). Yes, I'm committing fraud, and yes, if I get caught I'll get in trouble. But if fraud is widespread then it becomes impossible to detect.
Yes -- this is how food stamp and EBT programs work now, but they work with huge amounts of bureaucracy, a stated non-goal in your system. So I don't really see a differentiation here between what you're offering and what food stamps already do (poorly).
- jeffreyrogers 8y agoI realized that while you were replying and added an edit to my comment. Yes, I agree that's a problem, but you can reduce fraud by making the punishments severe enough. For instance: commit fraud, lifetime ban from the industry. I don't believe UBI is palatable to a majority of the population, but I believe a voucher based system could be if marketed appropriately.