3 ms·
> This is because they want that safety for themselves if something goes wrong. I have a hard time with this. If your monthly nut is $5k (mortgage, cars, kids,
by Domenic_S 13y ago
> This is because they want that safety for themselves if something goes wrong.
I have a hard time with this. If your monthly nut is $5k (mortgage, cars, kids, etc) what good is an $800/month basic income going to do for you when something goes wrong?
In fact, it's likely that most people will raise their standard of living by the amount of BI they get, so their net/net when something goes wrong will be exactly the same as if they didn't get BI in the first place.
If you're the type of person that would live below their means and save for the rainy day, BI is moot - you will be fine when something happens. If you're not that type of person, then you're just as screwed with or without BI.