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Can you consider any government provided income guaranteed for life? Next election season you might have your benefits programs slashed.
by wbobeirne 4y ago
Can you consider any government provided income guaranteed for life? Next election season you might have your benefits programs slashed.
- charcircuit 4y agoWhat if the government paid in treasury bonds?
- woodruffw 4y agoThe problem is not the medium, but the payment mechanism -- if disbursing those bonds can be stopped by an Act of Congress, then there remains a chance (maybe a small one) that any UBI program will not be a true UBI program. And that affects how the recipients of UBI treat their money.
- charcircuit 4y agoIf your UBI is guaranteed to last 30 years then people would treat it very similar to if it were to go on for their whole life at least for the majority of that 30 years.
- JumpCrisscross 4y ago> Can you consider any government provided income guaranteed for life? Congress is sovereign. But states can strike binding contracts under federal law. (They have to lawfully cede their own, limited sovereign immunity, though.)