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Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found. (www.businessinsider.com)

submitted 1 year ago by zoe@infosec.pub to c/upliftingnews@lemmy.world

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cross-posted from: https://lemmit.online/post/1021018

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The original was posted on /r/upliftingnews by /u/DyeZaster on 2023-10-05 17:58:02.

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[-] Cosmonauticus@lemmy.world 41 points 1 year ago

Yet anyone in a position of authority will still parrot giving ppl money will make them lazy

[+] Farnswirth@lemmy.world -13 points 1 year ago* (last edited 1 year ago)

There are two major concerns I have with UBI.

It's highly inflationary.
It fosters dependency, and it's an economic-political death spiral. People on UBI vote for those who support higher UBI. Inflation increases due to increased monetary velocity. People demand higher UBI due to cost of living increases. Votes go to those who promise higher UBI, etc. The cycle continues until you're wiping your ass with currency or some form of CBDC is implemented to stop the bleeding.

[-] centof@lemm.ee 5 points 1 year ago

It’s highly inflationary.

False. It is only inflationary if the the government prints money to fund it. If instead the government funds it by cutting unnecessary spending or increasing tax revenue in some way than it is not inflationary. There is the same amount of money in circulation but it is just moving between hands instead of staying in a bank account.

[-] Farnswirth@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

cutting unnecessary spending or increasing tax revenue

You are technically correct, but in a practical sense: lol good luck with that.

[-] centof@lemm.ee 2 points 1 year ago

Yep, unfortunately our politicians are bought and paid for by the rich.

Thanks Citizens United

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this post was submitted on 06 Oct 2023

1181 points (97.8% liked)

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