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A simple idea for eliminating poverty is garnering greater attention in recent weeks: automatically have the government give every adult a basic income.
The Atlantic's Matt Bruenig and Elizabeth Stoker brought up the idea a few weeks ago when they contemplated cutting poverty in half, and Annie Lowrey revisited it in today's issue of the New York Times Magazine.
I worked 40 hrs a week while doing college full time, worked overtime during my summers, paid rent, bills, and food and still had to build up loans to afford to go to college because the cost of college have risen much faster than inflation making it much harder to go to college debt free without having wealthy parents. Granted I had to take go a few extra years due to only being able to afford part time from time to time, though I am much luckier than most because my debt isn't that high, but it would make more sense to have people graduate debt free, this also includes eliminating useless degrees that do nothing but rack up heavy debt with little reward.
I'm well aware of the increased costs of college. I have 4 kids in highschool as we speak.
Yeah, debt free college is darn near impossible for the average kid.
SOME debt isn't a bad thing, it does impact consumer choices acting in many ways like a deductible works on insurance policies. When you completely disconnect the consumer from the price, bad things happen IMO.
As for "useless degrees" that's a whole other can of worms.
A simple idea for eliminating poverty is garnering greater attention in recent weeks: automatically have the government give every adult a basic income.
The Atlantic's Matt Bruenig and Elizabeth Stoker brought up the idea a few weeks ago when they contemplated cutting poverty in half, and Annie Lowrey revisited it in today's issue of the New York Times Magazine.
Where would the money come from to "pay" these folks? Taken from the "rich"? And how long will those rich work hard to have their money stolen to give to others?
It works perfectly as NATURE intended. It weeds out the weak and sick very quickly making the collective stonger. Arn't you NeoProgs all about being one with Nature?
I'm well aware of the increased costs of college. I have 4 kids in highschool as we speak.
Yeah, debt free college is darn near impossible for the average kid.
SOME debt isn't a bad thing, it does impact consumer choices acting in many ways like a deductible works on insurance policies. When you completely disconnect the consumer from the price, bad things happen IMO.
As for "useless degrees" that's a whole other can of worms.
I don't think any degree can be classified as worthless. There are many that aren't a good value from an economic perspective, but any education holds some value.
I don't think any degree can be classified as worthless. There are many that aren't a good value from an economic perspective, but any education holds some value.
I should rephrase my statement, not necessarily get rid of useless programs, but programs like philosophy should be really tiny and hard to get into and only for those that wish to go on to things like teaching.
When you give everyone a basic income then, whatever that dollar number is, becomes the new poor because the census defines poverty only by income. If you only make $30,000 a year but you have two TVs, a house, a dog, 2 cars, air conditioning, computer, expensive sneakers, a washer/dryer, some type of game, etc., the government still calls you poor because they don't include how much "stuff" you have.
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