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It's not UBI, it's a rolling stimulus package :) That money is going to spent. For startups, 100 bucks, 300 bucks, 800 bucks. Some of that is going to go to su

It's not UBI, it's a rolling stimulus package :) That money is going to spent. For startups, 100 bucks, 300 bucks, 800 bucks. Some of that is going to go to subscriptions. That's for the digital service economy. And it's good for early startups - because if someone has spare change, they're going to be willing to take a chance on an up and coming app.

tells 7y ago
In a way very true but also subsidized by the wealthy's spending habits. To mention UBI without the accompanying VAT would not properly show how progressive this system can be with higher taxes applied to non essential goods. People concerned with it wiping out safety nets needs to understand how under equipped and under utilized they are for numerous reasons. The average benefits also average to only about $500/month. UBI is a new economic floor in which we can mobilize large swaths of the population and revitalize small towns that are falling apart. The shift in economic power will be massive and it's incredible to think about. https://www.urban.org/research/publication/five-things-you-may-not-know-about-us-social-safety-net https://www.urban.org/research/publication/five-things-you-m... https://www.washingtonpost.com/business/economy/13-million-people-in-poverty-are-disconnected-from-the-social-safety-net-most-of-them-are-white/2019/02/04/807516a0-2598-11e9-81fd-b7b05d5bed90_story.html https://www.washingtonpost.com/business/economy/13-million-p...
- GarrisonPrime 7y ago
  If history is any indication, the recipients are likely to become just more complacent and detached. I fail to see how people would become “mobilized” and towns revitalized when they have even less incentive to leave the house. If anything, I see UBI shifting power even more into the hands of the elites, as massive numbers of the lower classes drop out of the workforce and no longer care about anything the politicians or big businesses do, so long as the cash keeps flowing. This could very well be the intent. Take a look at any Native American reservation, or any caged animal for that matter. Hardly vibrant.

tells 7y ago

In a way very true but also subsidized by the wealthy's spending habits. To mention UBI without the accompanying VAT would not properly show how progressive this system can be with higher taxes applied to non essential goods. People concerned with it wiping out safety nets needs to understand how under equipped and under utilized they are for numerous reasons. The average benefits also average to only about $500/month. UBI is a new economic floor in which we can mobilize large swaths of the population and revitalize small towns that are falling apart. The shift in economic power will be massive and it's incredible to think about. https://www.urban.org/research/publication/five-things-you-may-not-know-about-us-social-safety-net https://www.urban.org/research/publication/five-things-you-m... https://www.washingtonpost.com/business/economy/13-million-people-in-poverty-are-disconnected-from-the-social-safety-net-most-of-them-are-white/2019/02/04/807516a0-2598-11e9-81fd-b7b05d5bed90_story.html https://www.washingtonpost.com/business/economy/13-million-p...

GarrisonPrime 7y ago
If history is any indication, the recipients are likely to become just more complacent and detached. I fail to see how people would become “mobilized” and towns revitalized when they have even less incentive to leave the house. If anything, I see UBI shifting power even more into the hands of the elites, as massive numbers of the lower classes drop out of the workforce and no longer care about anything the politicians or big businesses do, so long as the cash keeps flowing. This could very well be the intent. Take a look at any Native American reservation, or any caged animal for that matter. Hardly vibrant.