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[–] ardvarcus 0 points 4 points 4 points (+4|-0) ago
If this ever gets passed, it would be the last straw for America. It would lock in the underclass in their dependency on government, and insure that only politicians pandering to them would ever get elected. Which, of course, is what the Democratic Party wants.
[–] GIF-lLL-S0NG ago (edited ago)
Look at it as more of a bait and switch. You get your handouts now, instead of later on in retirement, but the overall quantity is greatly reduced. You'll spend what they give you now, and create economic prosperity so that there will be all this "growth" and then taxes can go up and pay for all sorts of government programs. UBI is going to replace current entitlement programs, allowing them to write off dollars of future debt for pennies. Another cool tactic would be to do UBI all digital like a credit card issued to US govt. employees, so that if they use for naughty buying, they can monitor it and penalize them, if not outright deny the transaction from processing in the first place.
[–] TheSeer ago
Like anything, there is a destructive way to implement it, and a constructive way. The simplest way to demonstrate that is that it can be financed by DEBT (which is the only thing that will be suggested publicly) or via EQUITY. if it is financed by debt, of course it will be destructive, as it will increase the debt burden.