Bay Area Regional Leaders Propose $1.4T Plan To Address Housing and Transit Issues; Universal Basic Income (Brea: home, transfer)

[2sleepy]

Originally Posted by cb73

Really? "For being an American?"

Perhaps you've never heard of the California Stimulus currently being sent out. $600 to Americans. $1000 to illegals.

Do you really think this UBI will only go to Americans???

Just like when California started paying more in monthly welfare checks than other states, and we magically ended up with nearly 1/3 of the country's welfare recipients. If this goes through, those areas will be flooded with illegals for the free paycheck.

But I guess the rest of the state can afford it. Right?

That stimulus money is from the budget surplus, a law passed by voters in the 1970s requires the state to give some money back to taxpayers if the surplus hits a certain limit. The California legislature approved the bill to send out the $600 checks.

[RationalExpectations]

Originally Posted by Des-Lab

I don't disagree with you on income equality; it's there. It's real. And bad.

Actually, income inequality is a good thing. A very good thing.

Income inequaltiy provides incentives for people to add more value to society by migrating towards higher value-add employment - which pays more. It provides incentives for extraordinary performance. Yes, it is clearly a very, very good thing.

[ysr_racer]

Originally Posted by RationalExpectations

Actually, income inequality is a good thing. A very good thing.

Income inequaltiy provides incentives for people to add more value to society by migrating towards higher value-add employment - which pays more. It provides incentives for extraordinary performance. Yes, it is clearly a very, very good thing.

I'll try to tell this, and leave politics out

One group of people see someone with a nice house and say, what do I have to do to have a nice house like that.

The other group of people see someone with a nice house and say, waaa, it's not fair, waaa, I want a nice house too.

I'll leave it up to you to figure out which group is which.

But you'd think hunger and homelessness would motivate people to get off their ass and get a job (there are help wanted signs everywhere), but it's probably easier sitting at home and getting a check.

[RationalExpectations]

Originally Posted by ysr_racer

But you'd think hunger and homelessness would motivate people to get off their ass and get a job (there are help wanted signs everywhere), but it's probably easier sitting at home and getting a check.

Clearly true. Moody's Analytics' Mark Zandi recently released an analysis that people who left the workforce are living on savings from the Pandemic checks & the savings will start to run out in December - and that they will re-enter the workforce in droves in December & January.

While economics can't predict what any individual person will do, it does a pretty good job of predicting the behaviour of very large groups of people. It is clear that in aggregate, handing out money to people since the start of the Pandemic resulted in people not working. Once their pandemic-induced savings are depleted - and only once such savings are depleted - they will re-enter the labor force and look for a job.

[ysr_racer]

Send people checks, and then don't kick them out when they don't pay rent. What could go wrong?

[Gaylord_Focker]

I'm here for the free money.

[njbiodude]

Originally Posted by Tulemutt

Also unsurprisingly, you demonstrate zero understanding of the foundational funding for UBI: dismantling almost the entire welfare system and re-allocating those monies to UBI equal payments.

That's a recipe for out of control inflation. The Bay Area is already the most expensive region in the US.

The 6% inflation we've seen this year is already at least partially tied to the covid giveaways.

The problem is supply chains are fried when people don't work and then shortages of goods lead to out of control price increases.

Most likely the UBI will just mean more expensive housing and goods and will do nothing beneficial.

[apple92680]

Universal Basic Income and Medicare For All.

I'd like to see both in my lifetime.

Medicare-for-All (coupled with the Janus Supreme Court ruling) would break the death grip that public sector unions have on this state. Your right to obtain health care wouldn't be dictated by union membership any longer. It would also free up a lot of the expenses that business pay to have private insurance group plans. It's a win-win all around.

UBI goes straight into the economy and has the potential to dislodge money from Wall Street and put it back on Main Street, where it will benefit a larger segment of the population.

Populist "Joe Sixpack" conservatives shouldn't be objecting to either Medicare-For-All, or UBI....but, alas, they seem to lose all common sense when the bobble heads at Fox News/OAN/Newsmax start spouting off on their nightly BS.

As if Sean Hannity, Laura Ingraham, Shannon Brean or Tucker Carlson have ever had the misfortune of worrying about anything like having health care or basic income, in their lives?

Is there a catch? Yes, one. I think immigration would have to be much more closely monitored and a system like Australia, New Zealand, Japan and Canada have, would have to be put in place.

[ysr_racer]

Originally Posted by apple92680

Universal Basic Income and Medicare For All.

I'd like to see both in my lifetime.

Medicare-for-All (coupled with the Janus Supreme Court ruling) would break the death grip that public sector unions have on this state. Your right to obtain health care wouldn't be dictated by union membership any longer. It would also free up a lot of the expenses that business pay to have private insurance group plans. It's a win-win all around.

UBI goes straight into the economy and has the potential to dislodge money from Wall Street and put it back on Main Street, where it will benefit a larger segment of the population.

Populist "Joe Sixpack" conservatives shouldn't be objecting to either Medicare-For-All, or UBI....but, alas, they seem to lose all common sense when the bobble heads at Fox News/OAN/Newsmax start spouting off on their nightly BS.

As if Sean Hannity, Laura Ingraham, Shannon Brean or Tucker Carlson have ever had the misfortune of worrying about anything like having health care or basic income, in their lives?

Is there a catch? Yes, one. I think immigration would have to be much more closely monitored and a system like Australia, New Zealand, Japan and Canada have, would have to be put in place.

Anything else you'd like for free? Maybe a pony or an ice cream cone?

Where's all this money coming from to pay for all this "free," stuff?

Oh that's right, it's MY MONEY.

[ysr_racer]

I'm still waiting for a list of countries that have instituted UBI, and have had success in moving the majority of recipients off UBI and back to work.

Anybody?