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Um, I'm not sure it's easy at all for people to live as precariously as they do in the US now with a decent safety net. Imagine a UBI that pays a smidgen every
by Ericson2314 6y ago
Um, I'm not sure it's easy at all for people to live as precariously as they do in the US now with a decent safety net. Imagine a UBI that pays a smidgen every 10 seconds: how does one emulate living "paycheck to paycheck" that way? You'd have to be pretty clever to emulate that.
- nybble41 6y ago> Imagine a UBI that pays a smidgen every 10 seconds: how does one emulate living "paycheck to paycheck" that way? It's not that difficult. You just take out a big interest-only loan with payments exactly equal to your UBI. The process doesn't change significantly just because you're getting paid every 10 seconds rather than once per week: the money is already promised to someone else before you even receive it.