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re: Who else is Yang Gang 2020?
Posted on 3/19/19 at 12:05 pm to Ace Midnight
Posted on 3/19/19 at 12:05 pm to Ace Midnight
quote:
And nobody in that camp has done the math to see that's $33 TRILLION (with a T) per year, or 1.5x the size of the economy, give or take?
The math never seems to work and I'm skeptical that giving money to poor people would be a better system than our current welfare structure. Dismantling all other welfare programs and giving people a monthly check, would in theory, save money on administrative costs. In practice, I'd wager that irresponsible people would probably use the money poorly, and we'd end up in a worse situation.
Honestly, I don't see a way for UBI to work unless two things happen concurrently: there is a sovereign fund from which payments can be drawn from (and be paid into) and there is a dismantling of other forms of welfare.
I think UBI might be an eventuality due to automation, or rather, I'm not opposed to UBI if it is the response we choose to automation, but I think it's a slippery slope that could lead to some disastrous consequences.
This post was edited on 3/19/19 at 12:06 pm
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