How would a UBI of $1000 affect the american society? What are the most important positive/negative consequences that you can think of? NO MEME THREAD.
How would UBI affect society?
Nicholas Jones
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Isaac Brown
I agree with the conservative argument of landlords and other capitalist leeches stealing all of it
it should be triple of that + be ahead of inflation, also tax everyone to hell
Blake Smith
inflation
Jose Sanders
My thoughts:
1) We would see a huge wave od deurbanization as people would search for cheaper housing and wouldn't have to flock to big cities for job opportunities.Rent and real estate prices would go down, and that's a good thing.
2) There would be a huge motive for automation for the most soul-crushing jobs, since noone would be willing to do them, at least not for minimum wage.
3) Wages for shitty jobs would go up. Wages for fun or fullfilling jobs would probably go down.
4) I wouldn't expect inflation in prices of goods where functioning, competive markets exist. Prices of luxury goods or where monopolies/oligopolies exist would increase though.
Parker Kelly
Robert Robinson
People would be free to move to rural areas, since the stress of finding the first available job wouldn't exist. I would expect ridiculous rents in big cities to go down.
David Mitchell
Utility prices skyrocket and not much else changes. Lots of homeless people at clubs and such
Kevin Long
Can you imagine KFC stocks and the ammount of record labels that will be started once the blacks find out they getting free gubmint money
Jeremiah Thompson
>the amount of record labels that will be started
5) There will be a boost in creativity and artistic production
Josiah Peterson
You know I'm talking about blacks, right?
Hunter Morales
Cost of living going up about 1k dollarydoos
Chase Gomez
Yes. Whites will create art too though. Most of the art created at any time is usually shitty. But there are diamonds here and there. More shit ---> More diamonds
Dylan Rodriguez
>poor people blow all their money on stupid shit anyway
>yet prices increase
>poor people can now afford less than before
Yeah, fucking genius
Justin Ramirez
No printing money. No inflation.
Caleb Harris
It would increase the inflation rate to roughly 40%. That is PER YEAR. Pretty soon your ATM would have to pump out million dollar bills to buy milk and the $1000 not buy you a stick of gum. You cannot create money without consequences.
Owen Wilson
We would turn into slaves and the government would become increasingly controlling. Browsing Jow Forums would decrease your revenue
Joshua Myers
White people are going to be sitting on their asses watching the office. Stop kidding yourself. People will still have to work.
Isaac Cook
Inflation along with rising asset prices.
Dylan Sanders
The money supply wouldn't increase, since the money would come from redistribution and not printing. Therefore no increase in inflation.
Luis Watson
i'm with this.
also people wouldn't be trapped.
Dominic Barnes
Inflation isn't necessary for prices going up, is it? That 1k per person has to come from somewhere, and I don't think we live in a nice enough timeline where it would be cut from some useless expenditures. It'd be tax raises all across the board
Adrian Hernandez
Think of a two person economy. We have X quantity of resources that we use to live. Suppose that the money in circulation is 100. Person A has all the resources while Person B has 0. UBI comes and Person B gets 10 of currency. Do you think that Person A wlll be willing to sell his resources at 10? No he will increase the price. In summary, resources available will not change, and things, in terms of currency, will be more expensive.
Eli Gutierrez
Most people would still have to work but they would be in better bargaining position against employers since they wouldn't live paycheck to paycheck. Some people would choose a frugal NEET life. And that is a good thing.
Samuel James
And you think the rich will not avoid paying taxes to fund this?
Adrian Moore
In your example there is a monopoly, not a functioning free market.
In real life there are monopolies/oligopolies too of course. There you would see price increases. A good government should either break the monoplolies and establish free, functioning markets or nationalize those parts of the economy.
Asher Evans
Ideally the money should come from taxing the super rich. But that is not reliable, since the rich find always ways to avoid taxation. Yang's proposal of VAT funding UBI is not ideal but it is realistic.
Henry Ward
Jews: Invest in media & politics
White’s: Invest in the market & bitcoin
Asians: Start a family business
Blacks: drinkin 40’s & hookers & weed (we be oppressed)
Nathan Flores
I don't know the technicalities of UBI enough to argue, but if it's an exogenous injection of cash into the system, then the point that resources don't change is still true.
If it's a redistribution of income, then it will probably change incentives in the capitalistic system. If all of a sudden an entrepreneur has to give up a bunch of his revenue to support the rest of society, maybe he will not be willing produce, so I think productivity would be affected.
Jayden Nguyen
It's only a small ammount of the population that can budget like that. People will get into credit card debt because $1k a month isn't going to be enough to satisfy their need for fast food, porn, video games, and geek merchandise like pic related.
Matthew Wood
Imagine everyone in your country's bank account just doubled. Are there new things that were produced? No. So, what do you think will happen to prices once everyone gets used to the double money thing?
Sebastian Long
barely make up for the drastic cost of living increases caused by the 2008 bailout bubbles and globalization blowbacks.
Jacob Lewis
I am not an expert neither, but people spending more money on consumer goods would give more opportunities for enterpreuners. People not living paycheck to paycheck and not risking absolute poverty if they fail, will also be a big incentive to risk and start small businesses or take bolder career decisions.
David Jones
In a free market more new things will be produced to satisfy the increased demand.
Brandon James
In the Weimar republic they printed money.
Ayden Brooks
Inflating takes less time than creating supply chains (and costs no resources)
Jace Reyes
Go away! Jow Forums is not for rational people.
Xavier King
Every form of welfare in my state is nearly double this proposal, and that's only counting the primary cash ones. You should check yours to see how stupid this sounds.
Minimum wage is barely more, but still isn't quite enough to live on. Transport costs rurally, living costs in urban areas.
Fucking retarded.
It's going to balloon the sub-survival income bracket. Creditors will prosper greatly. Shitty services and impulse buy companies also. For a time the permanent underclass will become a celebrated phenomenon, so you don't notice you've switched to getting assfucked without the lube.
Maybe more interesting circuses.
I'm a communist, and that involves work.
Dylan Ross
Rich people fleeing to places where there's no UBI, and more niggers and muslims will come for the free gibs. Perfectly balanced, like all things should be.
Alexander Wright
Well...
Julian Myers
No need to. Production of goods on the existing infrastructure can easily increase.
Ethan Bailey
Wang would have to print money to fund the program in the US. He doesn't understand how government works if he really thinks he can cut bloat and save money from other areas.
Easton Lewis
The MATH says he would only need to cut welfare and add a VAT. economic activity would do the rest.
Bentley Lewis
He doesn't need to cut, it's automatic. People are given the option of their welfare programs or UBI. And many will probably even take UBI at a slight loss just to be free of the bureaucracy.
Ayden King
>I'm a communist
>posted from my iPhone
David Gutierrez
>What are the most important positive/negative consequences that you can think of?
inflation. communism.
Jeremiah James
>those spacings
your antenna is showing