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.
    • Peaty@sh.itjust.worksEnglish
      15·
      9 months ago

      We cannot afford to ditch over 50% of the budget to replace it with a UBI that won’t produce much if any benefit?

        • Peaty@sh.itjust.worksEnglish
          24·
          9 months 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.