3 ms·

No, don't you see? They said you can just print more money! That's never had any downside, like the current inflation problem we're dealing with and that is d

No, don't you see? They said you can just print more money! That's never had any downside, like the current inflation problem we're dealing with and that is drying up everyone's savings. Money is just paper, dude, and paper you can make as much as you want! (I feel like it's sad I have to put this disclaimer, but history has shown I need to say it, so here it is: the above is sarcasm).

renox 4y ago
Also the theory behind the U in UBI is that it's less expensive to give it to everybody. But won't 'everybody' includes illegal immigrants from other countries too? Well, it will unless you increase a lot the budget of the border police..
- BitwiseFool 4y ago
  I question how much money the government would actually save in administration costs compared to how much more they would have to pay out. I also question how enthusiastic the UBI proponents would be when it actually comes time to dismantle Social Security, Medicare, and other welfare programs. Are they really going to tell someone with disabilities "tough luck" when the normal UBI amount is not sufficient for their medical care? I'm sure they would respond with some kind of adjustment for special needs, but at that point we loop right back around to having a bureaucracy administer payments with different amounts for different levels of need.
  - renox 4y ago
    I think that why so many supports UBI is that there are different UBIs for some it is a replacement for welfare programs, for it is a complement to these welfare programs..
jacknews 4y ago
Exactly, that's one way. But instead of what currently happens, which is that the CB prints money and gives it to the banks, and they then buy assets, inflating asset prices (and thus rents, and prices generally), you give it directly to the people, so they can spend it on goods and services that they actually need, and which are provided by other people.

renox 4y ago

Also the theory behind the U in UBI is that it's less expensive to give it to everybody. But won't 'everybody' includes illegal immigrants from other countries too? Well, it will unless you increase a lot the budget of the border police..

BitwiseFool 4y ago
I question how much money the government would actually save in administration costs compared to how much more they would have to pay out. I also question how enthusiastic the UBI proponents would be when it actually comes time to dismantle Social Security, Medicare, and other welfare programs. Are they really going to tell someone with disabilities "tough luck" when the normal UBI amount is not sufficient for their medical care? I'm sure they would respond with some kind of adjustment for special needs, but at that point we loop right back around to having a bureaucracy administer payments with different amounts for different levels of need.
- renox 4y ago
  I think that why so many supports UBI is that there are different UBIs for some it is a replacement for welfare programs, for it is a complement to these welfare programs..

jacknews 4y ago

Exactly, that's one way. But instead of what currently happens, which is that the CB prints money and gives it to the banks, and they then buy assets, inflating asset prices (and thus rents, and prices generally), you give it directly to the people, so they can spend it on goods and services that they actually need, and which are provided by other people.