RE: Objects in Bag May be Smaller Than Expected!
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Some paid down bills, or invested like you did. Others were of a more short-term consumerist mindset. This is one of the reasons I am skeptical of UBI proposals, too. Will people build, or coast along? It depends on the person. Producers or plunderers? Makers or moochers? And such redistribution will be funded by either ongoing inflation or more taxes on the producers. It's a perverse incentive structure whenever anyone tries to manage such a complex system where the parts are human beings with varying morality, time preference, and even taste in style.
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I'm skeptical of the "universal" part of UBI. It might be more viable if it comes with conditions. Like our friend Chris gets food stamps... he can't just buy beer and cigarettes. Sure, he can buy pizza and candy bars, but he's incentivized to buy fresh produce because it gets him a $60/month bonus.
Don't just hand people money, give them a card (like a gift card) that only authorizes for things like groceries, utilities, medical expenses, rent and such... the basics of staying alive. Is that taking people's "freedom?" Not really, they are perfectly free to not accept the conditions, and not get the benefits... it's just a contract.