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Zoso
Banging Gangs!
Registered: Mar 2006
Location: Dirty South, United States
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quote: | Originally posted by Silky Johnson
Strong case for UBI? Lews what is your insight? I understand the purpose, benefits, and implications only minimally (actually I just picked up a book - 'Give People Money' - so I can better understand, but haven't dug into it yet), so wondering what an expert such as yourself thinks? |
We'd shit bricks down here, JP, if someone suggested such in front of a microphone. We have such a crazy dichotomy in this country, going way to to "Puritanical" reasoning. We are, as good Christian Americans, supposed to be hard working and self sufficient, not relying on others to pay our way. Yet we're also supposed to "love our neighbors as ourselves" and help the poor and widowed.
Over the centuries, however, we have focused far, far more on the first of those ideas. We may pay lip service in some sermons to the second, but almost never in practice.
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Mar-14-2020 18:01
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Lews
Platipus And Prog Addict
Registered: Feb 2007
Location: Hugging Whales And Saving Trees
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quote: | Originally posted by Silky Johnson
Strong case for UBI? Lews what is your insight? I understand the purpose, benefits, and implications only minimally (actually I just picked up a book - 'Give People Money' - so I can better understand, but haven't dug into it yet), so wondering what an expert such as yourself thinks? |
Well, I am slightly biased, because I have been pro-UBI for years! (I think I first advocated for it around 2010.)
We're starting to see some movements that way, actually - Hong Kong is giving all residents ~$1,282 to help boost the economy, while German judges sneakily implemented a UBI of ~€1000 a month last year.
But, yes, I absolutely think that in the present circumstances there should be at a minimum a temporary UBI. Partially to help people on hourly-contracts and can't work from home and partially just to put a big boost into demand when things calm down and we've gotten past the virus.
I'd combine this with lots of other fiscal and monetary tools, by the way. But it's definitely one fiscal tool I would like to see governments using right now, even if they stopped it 6 months from now or whenever.
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Mar-14-2020 19:46
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