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Their data is useless. 40% of the benefit was taken out in cash at an ATM and nobody knows how that was spent. Also, If they did pay bills with the money, what did they do with the money that they used to pay the bill with, ie, the other money in the bank. Again, nobody knows. And if you are using it to buy booze and drugs, are you going to report yourself? It's just dumb. The whole experiment was worthless.
"it’s the passion project of Stockton Mayor Michael Tubbs, and funded by the Economic Security Project, a nonprofit that sponsors other guaranteed income experiments."
That's pretty easy and I can give a few examples out of many more. You have direct subsidies to corporations like Amazon, Shell, Boeing, and more [please specify]; farm subsidies (especially corn) [socialism for farmers?], and also the demands places like Wal Mart place on public infrastructure (i.e. police calls, road maintenance, etc.).[That's not welfare / entitlements]
The irony is that the leftist Progressives of the 19th and 20th century sought to confiscate privately owned infrastructure "for our own good."
FYI - socialism is basically compulsory charity and confiscation of surplus by government, taking from one to give to another. It is not applicable to utilities, services and infrastructure that are accessible by the public at large.
The USA has been a socialist nation since 1933, despite the common belief otherwise. Once people accepted that it was okay for government to transfer wealth that abolished private property rights - and - ushered in covert communism / collectivism.
Capitalism is basically private ownership of the means of production - an endowed right.
Since corporate and banking "capitalists" are operating via government privilege (and taxable), it's a mistake to assume they're into capitalism. In fact, they prey on property owners - real capitalists. Why else would they need limited liability?
Since the government takes a share / cut of all labor and production and indirectly controls us via regulation, covert nationalization has been the rule since 1933. And don't forget your internal passport - aka - "RealID".
Funny how conservatives are ok bailing out farmers, oil companies, and having Trump spend $100 million+ on golfing but God forbid someone gives tax money to common folk to spend or save.
" but God forbid someone gives tax money to common folk to spend or save."
But God forbid people know what they are talking about!
"Face It: You (Probably) Got a Tax Cut
Studies consistently find that the 2017 law cut taxes for most Americans"
Funny how apparently NONE saved the money, invested for growth, then used the money as a down payment in conjunction with the various home buyer programs to buy a home, which they could then RENT OUT (obviously program dependent, or rent a room or two) and suddenly have a recurring income. But no, they went to the Dollar Store...
If they saved their $500 for 18 months, they would have $9,000, let's say $10,000 with a decent stock return. That's a $200,000 house with $3,000 left for repairs. And if they made the average $46,000 income they could surely save another few hundered a month - so a $300,000 duplex might be feasible - now they have long term income.
But instead they use it to pay off a wedding ring that they over paid for in the first place, probably at userous interest...
And that my friends is why the rich get richer.
And why on earth are TESLA EMPLOYEES with TWO INCOMES and people making $46,000 a year involved this this experiment in the first place? Seems like Walmart is the place to find working poor.
Another cockamamie scheme by a child politician. I'm sorry, but most 29 year olds do not have enough life experience to hold higher offices. I think 35 should be a minimum age for mayors or state / fed office. And I think 70 should be the maximum age to hold any office, especially President and Congress. Elder statesmen / persons should hold positions as advisors, but we need to stop it with these 84 year old politicians who's heyday was the 1950's.
I also think that with the coming automated future a UBI is going to be a necessity for many if not most as jobs are replaced. At least until someone develops a Star Trek "replicator" type device where you can toss some dirt in and a gold bar comes out.
I wonder how much of that money went to alcohol and tobacco. Liquor stores seem to be the only stores that survive in poor areas.
Most paid bills with the money. If you are a family of 4 with childcare costs 46k is not much money. I think it’s a great idea.
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