4 ms·
Well said, you can't buy smartphones and videogames with food coupons.
by papermachete 6y ago
Well said, you can't buy smartphones and videogames with food coupons.
- jedberg 6y agoTo many poor people a smartphone is a necessity. It is their only computer and their only connection to jobs and job boards and communication with potential employers. Who are you to say a smartphone isn't the best thing a needy person can buy?
- qqqwerty 6y agoThe money spent on smartphones and videogames results in revenue for companies and paychecks for employees. So yeah, some people are going to spend their UBI irresponsibly. But that spending directly and immediately stimulates the economy. In contrast, we currently are dumping vast amounts of money onto corporations, banks, and investors to try prop up the economy. That money just ends up bidding up stocks, bonds, and real estate prices. The stimulative impact is minimal, and mostly results in inflating asset prices.
- papermachete 6y agoBroken window fallacy. If one has money for vieogames, one has money for basic needs and needs no UBI.