Look, I’m not sure of anything about you, but I grew up poor. I’ve worked in banking for 7 years. When people of poverty come in to money, the vast majority don’t save it for essentials, they go out and spend it on luxuries.
You could drop 10k in their accounts every year, it’s going to be spent on tvs, cars, clothes, iPhones, whatever.
The real solution is lowering the cost of essentials.
You say they spend it on TVs, cars, clothes, iPhones, whatever, like it’s a bad thing. A good tv is only a few hundred so 3% of your 10,000. If someone is trying to improve their employment they will need new clothes, reliable transportation, and reliable communication. 10,000 for a car is not a good car, but enough to get to work on time. I agree that
lowering the cost of essentials is good, but incredibly hard in a free market. It’s easier to raise wages through legislation
Oh, or you’re one of those people who think they know what other people should consider “essential”, and think anything that isn’t good voting and shelter is a luxury with no value to a human? I guess in that situation the UBI results wouldn’t impact your opinion.
Look, I’m not sure of anything about you, but I grew up poor. I’ve worked in banking for 7 years. When people of poverty come in to money, the vast majority don’t save it for essentials, they go out and spend it on luxuries.
You could drop 10k in their accounts every year, it’s going to be spent on tvs, cars, clothes, iPhones, whatever.
The real solution is lowering the cost of essentials.
Literally every test of UBI has results that go counter to your anecdote.
You say they spend it on TVs, cars, clothes, iPhones, whatever, like it’s a bad thing. A good tv is only a few hundred so 3% of your 10,000. If someone is trying to improve their employment they will need new clothes, reliable transportation, and reliable communication. 10,000 for a car is not a good car, but enough to get to work on time. I agree that lowering the cost of essentials is good, but incredibly hard in a free market. It’s easier to raise wages through legislation
Oh, or you’re one of those people who think they know what other people should consider “essential”, and think anything that isn’t good voting and shelter is a luxury with no value to a human? I guess in that situation the UBI results wouldn’t impact your opinion.