Page 1 of 1
Universal Basic Income A Miserable Failure
Posted: Sat Aug 03, 2024 4:48 pm
by Doom
In the largest experiment on the silly, socialistic idea of a Universal Basic Income by the founders of ChatGPT 3000 families making less than $25,000 a year were given $1000 a month for 3 years, from July 2021 to July 2024.
Yes, this study was released in July. You haven’t heard about it because it was a huge disaster.
Despite being given an additional $12,000 a year, those in the study experienced an average decline in their net worth of 21%.
Wait, you mean just giving poor people money doesn’t actually fix anything?
Who could have guessed that would not work? Only every single person with common sense EVER!
Re: Universal Basic Income A Miserable Failure
Posted: Sat Aug 03, 2024 11:10 pm
by BobCatholic
UBI is based on a dehumanizing philosophy.
That's why it is guaranteed to fail.
UBI won't be the solution - I think we'll be seeing Sanctuary Districts like from Star Trek.
https://memory-alpha.fandom.com/wiki/Sanctuary_District
Re: Universal Basic Income A Miserable Failure
Posted: Sun Aug 04, 2024 3:23 pm
by Doom
It doesn't work because it disincentives work which is the basis of all human dignity.
Re: Universal Basic Income A Miserable Failure
Posted: Mon Aug 05, 2024 10:46 am
by peregrinator
Better than UBI would be what St. John Paul II proposed in Laborem Exercens [emphases in original]:
Just remuneration for the work of an adult who is responsible for a family means remuneration which will suffice for establishing and properly maintaining a family and for providing security for its future. Such remuneration can be given either through what is called a family wage -- that is, a single salary given to the head of the family for his work, sufficient for the needs of the family without the other spouse having to take up gainful employment outside the home -- or through other social measures such as family allowances or grants to mothers devoting themselves exclusively to their families. These grants should correspond to the actual needs, that is, to the number of dependents for as long as they are not in a position to assume proper responsibility for their own lives.
We could do this in the USA through fully-refundable tax credits.