Twitter billionaire Jack Dorsey just announced he will be funding a universal basic income experimen

Discussion in 'Current Events' started by Space_Time, Jul 10, 2020.

  1. Space_Time

    Space_Time Well-Known Member

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    Another attempt to help people out financially. Will benefit those less fortunate. Or will it discourage work:

     
  2. Spim

    Spim Well-Known Member Past Donor

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    I would like to volunteer my city.

    Ps, if you need help passing it out I'm down with that for a small fee.

    Curious, how does that work. The owner of the house gets it. Or the resident that lives there? Might make some landlords happy
     
    Last edited: Jul 10, 2020
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  3. Antiduopolist

    Antiduopolist Well-Known Member

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    It's either UBI or bloody revolution.

    There just aren't enough gated communities to shelter the well-off from the ravenous hordes otherwise.
     
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  4. FivepointFive

    FivepointFive Banned

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    Welcome to Socialism..

    My Cannabis Dispensary slammed the stimulus.. Everybody was buying weed. All Ages, Genders, and races.. It's amazing to me.. I feel victorious we have beat Nancy Reagan.. Just say no to the world's oldest medicine??

    [​IMG]
     
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  5. HonestJoe

    HonestJoe Well-Known Member Past Donor

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    It should be noted that there is a fundamental issue with small scale trials of Universal Basic Income. If you're only giving it to some people, it isn't doing what it is meant to do by definition.
     
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  6. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    Not to mention every scumbag in the entire country is going to move to your city... I wonder if how many of the cities selected are strategically placed in red states.
     
    Last edited: Jul 10, 2020
  7. straight ahead

    straight ahead Well-Known Member

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    So, 7 million people will get this. One family out of the 7 million will be white, and their house will be looted and burned down because black lives matter.
     
  8. Spim

    Spim Well-Known Member Past Donor

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    Doing some napkin math.

    7 million.x 1000 = 7 billion.
    That's 1 month.

    Just how rich is this guy?
     
  9. Plasticman

    Plasticman Member

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    I'm quite pleased to see such an experiment taking place. Data collection is a path to smarter decision making. I'm also pleased that the private sector is funding this particular endeavor. As usual, the private sector needs to lead in innovation.

    I'm curious what specific metrics they will be looking at. How do they measure success? The article suggests UBI will decrease poverty and narrow the wealth gap, but I'm not sure these numbers will move much from such a study. Perhaps they can somehow measure the quality of life for those who receive UBI and compare it to those who did not.

    Even if the results are positive, there will still be the question of whether the benefit was worth the investment. Could that money have been better spent elsewhere? Job training programs and afterschool youth programs come to mind as other ways of raising people out of poverty or preventing them from falling into it in the first place.
     
  10. fmw

    fmw Well-Known Member

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    I want to sign up. How do I do it?
     
  11. PPark66

    PPark66 Well-Known Member

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    UBI might be a better option than a myriad of different programs and produce better results overall. It’s worth looking into.
     
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  12. fmw

    fmw Well-Known Member

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    The better option is to drop the myriad of different programs.
     
  13. nra37922

    nra37922 Banned

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    Some folks are going to look back one day and remember when a set of spinners was less than $100 and now they're 2K.
     
  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    if it causes people to lose benefits like food stamps if they work, it will only cause people to work less

    that is a huge problem with the welfare system today, people are poorer if they get paid more

    UBI only works if when people work, they can get ahead, if we punish people for working, then it fails

    would be best to raise the min wage
     
    Last edited: Jul 10, 2020
  15. FreshAir

    FreshAir Well-Known Member Past Donor

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    at some point a universal basic wage will be the only option... as there are not enough good jobs to go around
     
  16. Doofenshmirtz

    Doofenshmirtz Well-Known Member Donor

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    Mathematically, it is not sustainable. By the time my money makes its way through the bureaucracy, there is little left. If they want to help people, they should stop stealing as much!
     
  17. Pollycy

    Pollycy Well-Known Member

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    "Something for nothing" ALWAYS results in total depletion and nothing left for anything....

    Ask yourself -- what does a parasite produce but more parasitism...?

    [​IMG]. "Yeah, but when you help spawn creatures like me, you can 'feel good about yourself'...." :angel:
     

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