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.
  • PeatyEnglish
    24·
    1 year ago

    No Im saying it will provide little to no net benefit to the larger economy whereas redirecting over 50% of the budget to give $12k/yr to everyone would be catastrophic to the larger economy. I suspect the economy tanking would end up hurting more than the 12k helps.

    The only way UBI doesn’t significantly harm the US economy, and to be clear Im talking about only the USA right now, is if the payments are either so small they don’t help, the payments are not universal and are targeted towards those that need money, or if the entire thing is financed by increasing the national debt which is unsustainable over the long run. None of these are as beneficial as they seem.

    • grff@lemmy.worldEnglish
      12·
      1 year ago

      Unfortunately I think you’re arguing with idiots. You’re right it wouldn’t be able to be universal because it wouldn’t change anything if it was, it would just be made up for somewhere else and the problem would be a can getting kicked down the road for someone else to deal with