There is no reason why a family of four whose income earners have not been affected needs an additional $6k/mo, those funds would be better used for other response strategies. That's why I would tie the benefits to income displacement (whether through effective job loss or some other disruption.)
What makes people think Americans wouldn't just hoard as much of that income as possible as well? I'm not criticizing by the way, I'm just asking. My parents and I were just discussing this and I'm not certain people would go out to spend that money in brick and mortar stores, at the very least. Have their been any studies on UBI spending? I think they recently tested in a limited form in Canada, right? My own thoughts are mostly informed by my own frugality and lack of spending habits, too.
Forcing people who are out of work to prove they are out of work is more costly than just writing everybody a check, straight up.
I didn't go in to too much depth because this is just the off-the-cuff impressions of me, a random idiot on the internet, but my plan - such as it is - would loosen up unemployment quite a bit, both on the qualification side and the income replacement side (much closer to a 1-for-1 match if not a complete income replacement.)
Middle and lower income families don't hoard. They actually put the money given to them, either through tax cuts or a UBI in this case, back into the economy.
www.theguardian.com
www.oecd-ilibrary.org
See: Alaska PFD. Biggest or 2nd biggest retail week along side Black Friday.
A bunch of people are hourly so this won't be supplemental for them, it'll be absolutely necessary income to put food on the table and pay bills. People who'd hoard it wouldn't need it per se, but a means tested program would delay the deployment and create rejections on some vulnerable people due to clerical error etc
I'm certain we'll probably see something like this soon. This feels like it could be worse than 2009 and we just don't know it yet.
He votes close to 95 percent with the GOP. Not happening lol.
Yup, same here. There's no way I'm spending that on anything other than essentials in the interim.
Isn't that kind of what happened with the last stimulus?
Yeah, my brother who's been working at a Regal for a few years just got laid off today. He's still living with my parents, one of which already works from home booking corporate flights, but my dad, who works at a Lexus dealership, got ordered to stay home since that was closing down as well. His pay got slashed heavily down to about 1/3 of what he would normally be making. My family will definitely be hurting now.
This sounds good to me. I'd buy some discounted stocks and make even more with it.
This would be huge for me as $1000 per person for me and my wife wouldn't even cover our rent here in LA. I'm a freelance worker in the film/tv industry with 4 kids so if production doesn't pick up for 2-3 months I'm screwed. I hope this plan happens.
My parents immediately went out and bought a new TV the second they got the money lol
I was looking the other day myself through all the downturn going on and was definitely seeing some nice options myself. If they gave me and my wife 1k a piece I would consider doing the same.
All someone has to do is convince him that it is and it will atleast be pushed by him
Universal is universal
