Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The point I am making is this is a perfect example of why basic income is a very bad idea.
I posted on another thread about "what happens when that basic income money runs out?" This guy ran out of money. He over drew at the bank on that money.
You give someone money. Not a whole lot of money. But some money. Like the Swiss propose. Like $2500 a month in USD. What happens when they run out of that money? And they have no job. You let them suffer also? The purpose of basic income is to raise people's standard of living. It's like the liberal/socialist dream of making lower income people "feel better". Fine. Everyone feels better.
But what happens when people mis manage their basic income? That's the question many liberals don't want to answer. Liberals hate to answer "tough luck". "deal with it". Liberals are in a catch-22 when dealing with the what ifs. They don't want to know the answer.
Why reply to you when you are strong on the broad pint bruSh to all Liberals/Dems?
The point I am making is this is a perfect example of why basic income is a very bad idea.
No, it's not even close to a perfect example. It's not an example at all.
To have a perfect example you are better served by using one of a billion examples where people adjust their spending to their monthly income. A perfect example of your point would be if say, if you give x people x amount they will then just blow x amount even if they don't need much of what they are buying, even if they are being wasteful.
This example is about people getting extra money. Some are responsible with it, some aren't. That's why at tax time you have some that pay things off and some that go on vacation. How we spend windfalls, if you will, is vastly different than how we spend our regular income.
Taking the Swiss $2500 example. The first check people might blow. By the sixth it would be incorporated into their regular monthly income. The expenses coming out of it would then be regular monthly expenses. Yes those expenses might go up. I'd expect it too actually. Get a raise that gives you 1000 a month and how long before you upgrade a vehicle for example?
The point I am making is this is a perfect example of why basic income is a very bad idea.
I posted on another thread about "what happens when that basic income money runs out?" This guy ran out of money. He over drew at the bank on that money.
You give someone money. Not a whole lot of money. But some money. Like the Swiss propose. Like $2500 a month in USD. What happens when they run out of that money? And they have no job. You let them suffer also? The purpose of basic income is to raise people's standard of living. It's like the liberal/socialist dream of making lower income people "feel better". Fine. Everyone feels better.
But what happens when people mis manage their basic income? That's the question many liberals don't want to answer. Liberals hate to answer "tough luck". "deal with it". Liberals are in a catch-22 when dealing with the what ifs. They don't want to know the answer.
Most people manage their pitiful incomes just fine. They know to pay for their basics first. The problems come about when they cant pay their basics-thats what basic income is about. Not about sudden windfalls that a large number of people manage to blow through.
If someones damaged enough they cant manage their basics when given the money to do so, then most likely they have a IQ below 70, or are mentally damaged in some ways. Currently people like that have family members, or other representative assigned too them through social security. I suspect the same would be true.
As for "what happens when theres no money to afford basic income"....if that occurs then you have started implementing basic income too soon. Or at too high of a rate.
Embezzlement and fraud happen at all levels of society not just among "the poor". More fraud happens at the corporate level (overbilling Medicare, shell companies...) than the nickle and dime stuff of the poorer classes.
Quote:
Originally Posted by remoddahouse
...and your proof that this never happens when rich people get money this way or your proof that this is common when poorer people get money this way.
Substituting a distracting comment for a real proof.
You guys didn't waste any time running the Propaganda Program.
Carry on with your emulation of your god Göbbels.
Quote:
Originally Posted by SGrey
OP you have a certain opinion. You're using this article to support that opinion despite the fact it has little to nothing to do with the conclusion you espouse.
Actually it does.
You want proof?
Um, you know, they're called Food Stamps for a reason.
Food Cash doesn't work, because the Stupid® spend the money on frivolities instead of buying food to feed their starving children.
Food Stamps worked better, but people still gamed the system for cash, either selling the Food Stamps, or intentionally hitting grocers early in the morning when their tills don't have Food Stamps...ya, see, federal required that Food Stamp participants give change in Food Stamps.....I give you a $100 Food Stamp Coupon for $90 of groceries and you give me a $10 Food Stamp Coupon as change, instead of $10 cash....
....because we all know what will happen to the cash.
And still children are starving.
Now with EBT cards, there is less Food Stamp fraud, but still fraud nonetheless.
I see it every single time I walk to the market or Kroger's.
And still children are starving.
Quote:
Originally Posted by SGrey
All that article is an example of is people being greedy and stupid.
No, it illustrates quite clearly why the Stupid® are poor.
They don't know how to manage their money to build wealth....and instead rely on people like you to steal from others.
You can't get rich smoking dope and downing 40 ouncers.
Quote:
Originally Posted by AnUnidentifiedMale
Not sure where you read that, but the basic income proposals I've read are more along the lines of $3000/year. Many people already receive that amount in the form of unemployment benefits, food stamps, etc.
Then you've been reading propaganda.
Depending on a number of factors, the Poor get $45,000 to $100,000+ per year.
And some of the, um, you know, "poor" earn $26.75/hour.
This is ridiculous. Frankly, if the bank made the mistake, then it shouldn't be this guy's fault to fix it. Just a few cases where the bank didn't get its money back, and they would stop making mistakes.
Who said anything about all of their money. We're only talking about $41k here. You might want to re-read the OP and then re-read my retort. The OP is claiming that this is why you don't give poorer people money yet he's not established what a poorer person is, how many of them spend money when there's this type of error nor how many richer people spend or don't spend the money from this kind of error.
You have to be pretty stupid to not know that the bank will eventually be demanding their money back. They ALWAYS pick up these errors, given enough time. I think anyone who doesn't know this would not be the type who is able to earn and keep a lot of money.
But then, it only really matters if you are poor. If you are rich, you can pay it right back. The bank doesn't care if it is the same exact bills you took from them, as long as the amount is the same.
This is ridiculous. Frankly, if the bank made the mistake, then it shouldn't be this guy's fault to fix it. Just a few cases where the bank didn't get its money back, and they would stop making mistakes.
Finders keepers, losers weepers?
So if you make a mistake, and misplace 1 digit of your account number on the deposit slip should the bank get to keep your money? After all, it was your mistake.
If rich people spent all their money they wouldn't be rich now would they ?
The key to being rich is not spending your money. Invest it and spend the revenue/profits of that investment.
If the key to wealth were frugal living, millions of poor people would be wealthy.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
