Universal basic income doesn’t work
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27th November 2019, 08:17 AM
Join Date: Dec 2007
Originally Posted by
Hardly anyone robs homeless people on the street because they are mostly broke. But when the UBI comes they are flush with cash and now easy targets for robbery and extortion. It's hard to secure a tent or sleeping bag. Many will buy guns for self defense.
Those kinds of crimes may go up. Also when junkies come into lots of cash they binge and then overdose. Expect more drug related deaths as people go crazy with the sudden windfall.
You may be concerning yourself with the wrong villiains.
Every bank in the U.S. would pretty quickly find itself in the "payday lending" racket.
The man with one watch knows what time it is, the man with two watches is never sure.
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