UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
Have an open register among participants for who participates and how much they pay.
Then members are incentivized to increase the income of other members. You also have a pool of people for other projects like building cheap new housing.
There is no horded wealth. If you hoard wealth, the Fed will print money until liquidity is restored. The only money that counts is the one in circulation.
Regular citizens circulate enough money to get UBI going.
Jeff Bezos is rich but he cannot spend his wealth unless he is willing to give up control over Amazon. As long as he sticks to that power, his income is zero.
Similarly, if you have money in securities, no money flows.
So to finance UBI, the wages of the citizens are more important than the wealth of billionaires.
What’s your point? I am not opposing UBI. I am arguing that we can have it right now if people want it.
But not through individual charity. It simply does not work. Because we have been doing charity for decades, and it has not worked.
But it can work through taxes, to ensure that everyone contributes, and everyone benefits.
Let’s meet in the middle.
Have an open register among participants for who participates and how much they pay.
Then members are incentivized to increase the income of other members. You also have a pool of people for other projects like building cheap new housing.
That isn’t meeting in the middle. The people who are hoarding wealth have no incentive to participate.
There is no horded wealth. If you hoard wealth, the Fed will print money until liquidity is restored. The only money that counts is the one in circulation.
Regular citizens circulate enough money to get UBI going.
This is just about the single stupidest thing I have ever read in my entire life.
Well done. Good bye.
A sign that you may learn something.
Jeff Bezos is rich but he cannot spend his wealth unless he is willing to give up control over Amazon. As long as he sticks to that power, his income is zero.
Similarly, if you have money in securities, no money flows.
So to finance UBI, the wages of the citizens are more important than the wealth of billionaires.
Thanks for the debate.
I would learn more from a lobotomy.
That’s not the burn you think it is.