3 ms·
$1000 per person is a big deal, and would cover rent or mortgage costs for most of the people I know. Though honestly, a lot my family members would squander it
by brokencode 5y ago
$1000 per person is a big deal, and would cover rent or mortgage costs for most of the people I know. Though honestly, a lot my family members would squander it on things like new cars or electronics instead of paying off debt or investing for retirement..
- lucb1e 5y agoGP was talking per year, not per month. This would be $83/month. Of course $1000 per month after taxes is a livable income (in Europe at least, I don't know what prices are like in the USA provided you're willing to move to a non-peak-price area) and does not merely cover housing, even if it's borderline poverty in richer countries with higher prices.
- jdironman 5y agoIts not livable on it's own, but it could improve living conditions.
- andrekandre 5y ago> squander it on things like new cars or electronics instead of paying off debt or investing for retirement this is a big flaw in UBI as i see it (and probably a feature of it depending on who you are)
- deleted 5y ago[deleted]