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I was, and mostly still am, in favor of basic income, but the effects of the COVID stimulus/PPA on my city (Philadelphia) have thrown some cold water on my idea
by Mizza 5y ago
I was, and mostly still am, in favor of basic income, but the effects of the COVID stimulus/PPA on my city (Philadelphia) have thrown some cold water on my idealism.
I lurk on the 'hood'/gang subreddit for the city, and the general consensus there is that the stimulus checks are the reason for the upswing in homicides, which shattered the all-time record this year to over 550, meaning that the murder rate in a city of 1.5 million is now 1/3000 per annum, and far higher if you're of a certain age group in certain neighborhoods.
The reasoning is that cliques which were previously only able to afford one gun for the whole squad can now afford lots more guns, enough for everybody to have their own, and those guns are being used as tools for acquiring even more money.
I think the lesson is strong rebuttal the libertarian argument that basic income can replace a functioning social state - a functioning society requires a lot more hard work than overnight helicopter money.