Universal Income Instead Of "Itemized Welfare"

[zantax]

@mobulis

@zantax

Creating that much money will devalue my money, that is the same as taking it.

No its not.

Yes it is.

[ImRightYoureWrong]

@zantax

But you know full well everyone isn’t impacted equally by inflation.

Why not/how so?

[zantax]

@ImRightYoureWrong

@zantax

I am applying it consistently. Argue defense is a form of general welfare all you like, the difference is, it is an expressly enumerated federal power under our constitution and so is permissible.

And so is general welfare.

It most assuredly is not.

[zantax]

I really have to explain this? Who loses more if money is suddenly worth half as much? A billionaire or a pauper?

[adroit]

At this point in time, I’m less inclined to opt for a universal income rather than itemized welfare because of game theory. I think there’s room for far more inefficiencies and sub-optimal outcomes with a UBI approach.

[adroit]

@GWH

Why would 3.8% unemployment facilitate the need for another welfare system?

Because a good portion of those who are employed are still “working poor” or one medical bill away from losing their home?

[dantes]

And if they don’t?

[adroit]

@hindsight

Some people have no empathy.

Indeed. But it’s not just a sociopathic view, it’s a myopic, detrimental view to the aggregate success of our country. The whole nation is better off when we implement support at the bottom. It improves stability in the economy and in social order—both of which greatly increases the well-being of the upper quintiles.

[GWH]

What happens when they’ve paid off their home?

[adroit]

@GWH

What happens when they’ve paid off their home?

The homeownership rate of those with incomes below the median income is about 50%. I’m gonna go out on a limb and say the portion of those who have paid off their home is less than half. But my comment doesn’t only apply to homeowners, but to renters as well and the inability to pay their rent.

[ImRightYoureWrong]

@zantax

I really have to explain this? Who loses more if money is suddenly worth half as much? A billionaire or a pauper?

Everyone loses the same purchasing power relative to the amount they have. I dont weep for billionaires. Almost EVERYTHING affects billionaires in greater numbers, since they are billionaires. Its not a very good argument. Every tax affects them more. Every stock market downturn or uptick.

[GWH]

How did that 25% own their homes?

[mobulis]

@zantax

@mobulis

@zantax

Creating that much money will devalue my money, that is the same as taking it.

No its not.

Yes it is.

Sorry but taking your money is taking it.

[zantax]

So is making it worth less.

[Jezcoe]

@adroit

@hindsight

Some people have no empathy.

Indeed. But it’s not just a sociopathic view, it’s a myopic, detrimental view to the aggregate success of our country. The whole nation is better off when we implement support at the bottom. It improves stability in the economy and in social order—both of which greatly increases the well-being of the upper quintiles.

It’s the Ayn Rand ■■■■■ you I got mine” worldview.

[highroller]

We live in a fiat currency system. You don’t have any money. You have currency.

Gold is money. Nothing can devalue your money.

[zantax]

@Jezcoe

@adroit

@hindsight

Some people have no empathy.

Indeed. But it’s not just a sociopathic view, it’s a myopic, detrimental view to the aggregate success of our country. The whole nation is better off when we implement support at the bottom. It improves stability in the economy and in social order—both of which greatly increases the well-being of the upper quintiles.

It’s the Ayn Rand ■■■■■ you I got mine” worldview.

As I believe I pointed out, I had the same views when I had nothing.

[Jezcoe]

@zantax

@Jezcoe

@adroit

@hindsight

Some people have no empathy.

Indeed. But it’s not just a sociopathic view, it’s a myopic, detrimental view to the aggregate success of our country. The whole nation is better off when we implement support at the bottom. It improves stability in the economy and in social order—both of which greatly increases the well-being of the upper quintiles.

It’s the Ayn Rand ■■■■■ you I got mine” worldview.

As I believe I pointed out, I had the same views when I had nothing.

And I am sure just like Ayn Rand, you have never taken on any form of government assistance.

[ImRightYoureWrong]

@highroller

We live in a fiat currency system. You don’t have any money. You have currency.

Gold is money. Nothing can devalue your money.

Doesnt the Fed technically own all currency? Im not sure

[zantax]

Pell grants and federally guaranteed student loans, that’s it. And I would have been perfectly happy to have those be loans to be paid back in entirety instead of a grant or subsidized loan.