Basic income

Discussion in 'Wall St. News' started by dealmaker, Apr 7, 2020.

  1. dealmaker

    dealmaker

    Basic income

    Spain's government says it will soon introduce a universal basic income—and remember, UBI isn't just for the coronavirus crisis; it's for life. Economic affairs minister Nadia Calviño: "We're going to do it as soon as possible… So it can be useful, not just for this extraordinary situation, and that it remains forever." Business Insider
     
    ajacobson likes this.
  2. Turveyd

    Turveyd

    Maybe, just maybe they are burning the world to the ground for no good reason to rebuild it better not just to screw us all over, but to actually improve it, slight glimmer of hope from this.

    If we can spend Trillions saving a few old people, then we can spend trillions helping many many more people / familys that live in poverty.

    Lets see if anyone else follows suite, or it just confirms I really need to live in Spain ( not for this money, just cause nicer people )
     
    Picaso likes this.
  3. S2007S

    S2007S

    They have talked about that here, even implemented small testing groups. Will never happen here in the states.
     
  4. Turveyd

    Turveyd

    No chance in the states, can't even have free ish health care there.
     
  5. dealmaker

    dealmaker

    Then what do you call the stimulus check?
     
  6. Turveyd

    Turveyd

    Not sure, out of character, amazed Americans don't that as insult and bin it immediately.

    I'm a Brit so not fully upto speed, is that the 5K or 500 area to everyone just cause right ??

    UK we've put universal credit up £80 per month for a year and covering 80% of wages, also nuts and Trillions being spend on everyone having a nice indoor holiday.
     
  7. S2007S

    S2007S



    UBI is a million times different than a one time stimulus check !!
     
  8. Amun Ra

    Amun Ra


    You're confusing helping people with entitling people. It's nice to help people, but often entitling people to a certain benefit every month, unless they have a good reason why they can't work for it themselves, will generally backfire for not only the giver, but the receiver too.
     
  9. Turveyd

    Turveyd

    Yep, but also no, it's tricky, to easy for the real people in need to get bugger all and the lying scum balls to get loads of benefits as they know how to play the system.
     
  10. Sig

    Sig

    At some point though Yang's premise will play out. You get more and more automation and fewer and fewer blue collar jobs. You end up with a group of folks who may be hard working good people but either lack the intellect to be part of the knowledge economy or are aged out of it and lack the intellectual flexibility to become part of it. It's not good for our society or any of us to leave those people behind.
    We're not there yet and we probably won't be there in a decade. But in 50 years at current rates....we'll definitely be there. Better to start thinking about solutions now. And IMHO we need to jettison the Puritan mindset equating painful hard work as inherently moral and not working as inherently immoral when thinking about solutions. Making people do meaningless jobs to make work for work's sake isn't the answer, again IMHO.
     
    #10     Apr 7, 2020
    dealmaker, speedo, d08 and 2 others like this.