Yes a 2% target not whatever will spawn from injecting 12k/person a year in a population of 340 million

Real wages would be irrelevant for people who are near or close to retirement. They have decreasing earning power so the positive of higher wages is almost irrelevant for them.

Like I said, after adjusting for the whatever monstrous inflation this would cause you could end up with scenarios of people who saved all their life having near zero or even negative returns on their savings after adjusting for purchasing power.

“You lost 40% of your nest egg, but you’re now getting 12k a year before taxes!” What joy

This post was edited by ofthevoid on Apr 22 2019 11:19am

where is the number for losing 40% of one's nest egg coming from. did you get that number or are you generating it some how?

also 12k/year x population isn't a correct number, either. it would be 12k x population of 18+ years old, or likely after it clears congress more like 6k/year to adults aged 24-50. or 24+ but not 6k/year to those who receive social security. then remove all of the money for food stamps and welfare from the 6k/year. as yang has said many times, it wouldn't stack with existing benefits.

Dude if you are an unskilled laborer then go receive training...

Stop using this blanket statement to placate peoples lack of self development

i work for an automation company that thrives on eliminating unskilled labor.

i know the numbers, you have nothing but platitudes about what you think people should do. i know the numbers of what they do do, reliably, from the corporations who eliminate their jobs.

next question, did you factor in retraining and filter it through the age range i asked about specifically? 50ish year old people.

Isn't this just the same hysteria people said during the industrial revolution?

At any age, you need to stay proactive for your employment

It is not governments responsibility nor a corporations to entitle you to a job or income.

the situation currently developing is like the industrial revolution but about 100x worse with far less solutions.

key difference being employment elimination vs displacement. the car, the baseball seamer, and other advancements displaced labor, and the available positions one could find without any retaining were vast.

as compared to today, in which labor is being eliminated, because of the lack of congruent jobs elsewhere in the market, and the need for training.

me personally? i'm just a guy with a bachelors in criminal justice, with half a law degree, then a technical cert in drafting, and project management, with most of my credits done for mechanical design bachelors to round it out. but hey, what do i know about seeking training for employment or anything....

the fact is that your, or my, expectations about what people should do aren't equal to what they do do. people dont seek training, by-and-large, and economically depressed areas are created and lie stagnant. Flynt, Baltimore, DC, Detroit, Chicago, etc. when the unskilled labor dries up for a population bred on it's neverending existence stagnant pockets of poverty are created and we haven't shown any ability to fix them yet. do i suggest training and many other things, of course. do i expect it to just fix it, even UBI, nope.



p.s. corporations don't have a choice, they will eliminate too much demand by automating if they dont fund UBI. they know it and have already started making plans.

This post was edited by thesnipa on Apr 22 2019 11:51am

I’m just using a hyperbolic figure. Any person that says they know for a fact how little or how much inflation will happen post this is full of shit and not worth listening to.

I get the over 18 or the no double dipping angle. I don’t feel like digging this info up but let’s assume the 18-54 demographic makes up 50% of population.

170 mil * 12k = 2 trillion per year... just on this program alone... nothing else

This would be between 40-50% of the overall 2018 budget.

Like I said I haven’t seen his math or whatever cuts he’s proposing but something tells me there’s going to be a massive funding gap to be filled which will most likely mean increased monetary base resulting in dilution of the usd.

I’m not necessarily against Ubi I just think it needs a fuckton of research and big brains to seriously consider the cost and benefits both short and long term.

This post was edited by ofthevoid on Apr 22 2019 11:52am

>it wouldnt stack
That should go over well in the sassy black woman community, ill let you be the one to tell section 8 shaniqua shes being taxed to pay the white man

so just as a simple illustration of how incorrect your math is:



so 25% of what you just estimated as the cost, $2bn, comes of instantly with welfare spending. boom, gone, poof.

i agree wholeheartedly that it needs research and a lot of math done, just saying dont build on whatever figures you're using now, they're wildly inaccurate.



don't worry about it, Andrew Yang, the guy saying it wouldn't stack has said it about 20x publicly.

I wonder if Ghut's wife is named..... doesn't exist?

This post was edited by thesnipa on Apr 22 2019 11:58am

I wonder if Yang's wife is named... Ying?