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> In your 20’s it unlocks taking big risks and swing for the fences. YC bets in this, for example. What can ambitious kids do when they don’t need to worry abou
by dolebirchwood 1y ago
> In your 20’s it unlocks taking big risks and swing for the fences. YC bets in this, for example. What can ambitious kids do when they don’t need to worry about money?
That might be true for maybe 5-10% of 20-somethings. The rest will blow it.
- glasss 1y agoDo you have data to back this up?
- dolebirchwood 1y ago[flagged]
- pinkmuffinere 1y agoI agree with your viewpoint, but this response is dismissive and doesn’t sincerely engage in the discussion. It does a disservice to your argument.
- AnthonyMouse 1y agoThe answer to the question you asked is the article these comments are attached to.
- pinkmuffinere 1y agoDid you mean to reply to someone else? I didn’t ask a question on this topic
- Jedd 1y ago> That might be true for maybe 5-10% of 20-somethings. The rest will blow it. It feels like everyone that has an anti-UBI position has access to a lot of research that no one else can see - or they're just unwilling to read or accept the results of every study / bit of research actually done on the topic.
- zdragnar 1y agoThere isn't research done on UBI. Either it is never universal, and / or participants know that it isn't going to last long (limited duration study) so they have different motivations than someone who will actually receive UBI. Every study basically has the same (obvious and not useful) conclusion: people like getting money. Any conclusion beyond that (specific to UBI) isn't supported.
- EGreg 1y agoI know a universal one. One is Alaska’s Permanent Fund. Look at their gini index among all 50 states since the fund launched. https://onlinelibrary.wiley.com/doi/10.1002/pop4.398 https://onlinelibrary.wiley.com/doi/10.1002/pop4.398 And the conclusions are similar. Better health. Lower inequality The other is Manitoba’s MINCOME experiment, they randomly selected people — it was doing very well but somehow the powers that be pulled the plug: https://humanrights.ca/story/manitobas-mincome-experiment https://humanrights.ca/story/manitobas-mincome-experiment
- leereeves 1y agoAlaska's Permanent Fund dividend paid $1,702 last year (for the whole year, not monthly). How is that small amount changing people's lives?
- zdragnar 1y agoIt certainly qualifies for a rather interesting definition of "basic"
- EGreg 1y agoEvery person’s story is different. People are resourceful. If $150 a month can make people’s lives better, in a state that doen’t issue its own currency, imagine what phasing in a UBI for everyone in USA can do, gradually and increasing. And that’s the point. USA will have to print money anyway to service their sovereign debt. So may as well give it out as a UBI over 40 years first, then tax it and pay the treasury holders. Think about it!
- ToucanLoucan 1y agoSo just so I'm clear: because some people, somewhere, will take UBI and blow it on college beer parties, which definitely won't happen otherwise, but because of that, every person who doesn't grow up at least semi-privileged gets the on-ramp directly onto the lifetime debt treadmill?
- chneu 1y agothey're just parroting the "welfare queen" myth.
- tukantje 1y agoYou are underestimating the human desire to be useful.