4 ms·
This is hardly a UBI. It's also been done before, for example in Australia during the GFC. The idea is to get money into the hands of people who will actually
by NamTaf 7y ago
This is hardly a UBI. It's also been done before, for example in Australia during the GFC.
The idea is to get money into the hands of people who will actually spend it - the poor will tend to go buy their kid a desperately needed new pair of school shoes, for example, whereas the rich will just throw it in with their other savings. Only one of those stimulates the economy in the short term.
- WC3w6pXxgGd 7y ago"It's been done before" is not an argument.
- Gunax 7y agoWhile I agree it isn't UBI, I think it's UBI-light. I am not necessarily saying it's a bad idea, I am just jaded that solutions always follow existing political ties. I am sure there are logical arguments for it. But there are also logical arguments for tax cuts right now. I am just an idiot on the internet. All I can say is I get skeptical whenever an idea purports to solve any situation that arises.
- magduf 7y agoThe US did something similar around 15 years ago: has everyone forgotten when George W. Bush gave everyone $400?