alt Hacker NewsI don't think just paying people will make any difference at all. Most of the chronically poor in US at least have underlying problems such as addiction, schizophrenia or other affective disorders. Most chronically homeless people have turned down multiple state subsidized living options or have been booted from them for anti-social behavior. Studies routinely show that 30-40% of food stamps are sold for pennies on the dollar to pay for drugs or other unnecessary things.
The other major issue with "free money" is that it is purely inflationary, unlike wages which offset most of their price pressure by providing a commensurate amount of goods/services. When you hand everyone a million dollars the price of everything just goes up, both because there's a flood of money and because there's even less incentive to produce something to buy with it.
I think there's any compassionate argument to be made for helping the indigent, but easy ideas like "taking money from job creators and value producers to pay for needles and degeneracy" are never going to work at all.
It's a bit of a trope to say that billionaires are hoarding wealth via financial shenanigans when all of their wealth is tied up in job and value creation.
The us govt wastes by some estimates 30% of its budget. Trillions annually. Have to start with the waste and fraud. Empty daycares are not a good use of hard-earned tax dollars and have a massively pernicious effect on the society. They're not taking care of kids or paying teachers. Just pure inflationary greed.
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> The us govt wastes by some estimates 30% of its budget. Trillions annually. Have to start with the waste and fraud. Empty daycares are not a good use of hard-earned tax dollars and have a massively pernicious effect on the society. They're not taking care of kids or paying teachers. Just pure inflationary greed.
Much can be said about the problem of government waste, and it certainly is a problem, but there's an underlying assumption in this kind of talk, which I'd like to attack. That assumption is: "people are poor because the government taxes them too much, and wastes their money". Republicans in the US run and win on this platform again and again.
The problem is that it's simply not true. Government wealth has been falling for decades[0] -- nations are increasingly rich, but governments are increasingly poor. I don't even need to include a source that shows effective tax rates have been falling for the same period (no surprise -- that's _why_ governments are so relatively poor). As nations have continued to get richer, most of that wealth has been concentrated in the hands of an increasingly small group of private individuals.
Governments are not sequestering your wealth -- rich people are.
> Studies routinely show that 30-40% of food stamps are sold for pennies on the dollar to pay for drugs or other unnecessary things.
There are zero studies which show this.
> Most of the chronically poor in US at least have underlying problems such as addiction, schizophrenia or other affective disorders. Most chronically homeless people have turned down multiple state subsidized living options or have been booted from them for anti-social behavior. Studies routinely show that 30-40% of food stamps are sold for pennies on the dollar to pay for drugs or other unnecessary things.
Completely unsubstantiated FUD. The underlying problem is the structure of the economic system they reside in.
> The other major issue with "free money" is that it is purely inflationary,
Free money as in quantitative easing that overwhelmingly benefited the wealthy?
>It's a bit of a trope to say that billionaires are hoarding wealth via financial shenanigans when all of their wealth is tied up in job and value creation.
Value for whom?
Why do people stan for billionaires? I don't get it - what motivates you to say this stuff?
Most of what you said is greatly exaggerated or simply not true. It's like you cherry picked Fox News talking points.
I'd like to see a few links to support your assertions in the first paragraph because, with respect, I have not seen evidence which supports them.
On the other hand, multiple jurisdictions have run trials of UBI (universal basic income) and unless I misread the reportage, the results have been good.