Seems trivial to take advantage of. Say I'm a landlord who know (because they posted it on their fb page) that someone spend 30% of their income on rent. They now get a $500/month bi. I'll just raise their rent by 30%. The grocery store knows they spend 10% (club membership card and data mining of millions of people), so they raise their prices by (4000/4500)%.
So within a couple of months they are back to their original purchasing power.
Everyone gets $500/month. Landlord raises the rent $500. Or more realistically since she knows people spend 1/3rd of their income on rent, 1/3 of $500. Same with grocery stores. It'll bounce around a bit but will come to a new steady state in a few months.
Until the rich realize the poor have a lot more money and raise the prices. It's the first thing I would do. In fact I would announce price increases long before it ever went to a vote in case they put something in the law saying that price increases above inflation were not allowed. If It passed, I could show that price increases were already on the books and announced. If it fails I'd just say nevermind.
What about the people currently on social security which pays up to $28k/year. They retired and bought a house based on that amount of income, now you are taking it away and giving them $7k/year.
More taxes, then more taxes, then physical property confiscation, then people get mad and start shooting, then civil war and we end up like the soviet union except with much better population tracking and control.
You're deliberately pretending that history didn't happen
Hanlon's razor: Never ascribe to malice that which can be explained by incompetence.
My biggest question is what happens if a basic income does not work as well as people here are claiming it will? I've been to the Soviet Union, where they did not have a basic income, but did have lifetime jobs they could not be fired from and the social (and individual) destruction was beyond what people can imagine (having no reference).
What makes you think China doesn't also want to keep "the government pork flowing"? I read an interview from a Chinese engineer after they had put someone in orbit. It was basically this guy lamenting how they could do so much more if they didn't have to hire so many people. He said they had seven times as many people as they needed and it got in the way of dong things. Same goes with companies and empire building
He got the one about everyone carrying around a cell phone and talking to it all day correct. And that was during a time before the internet got big and bigger (sized) computers were better. A monstrous PC on every desk. Laptops weren't even that popular then and cell phones were about making calls and not yet popular other than drug dealers.
I'm in the same position as the OP and did it with very little money, about $6k/year spread out over 8 years. I've found thee are whole communities that are into this. Look at the Amish.
I've long thought this. I was making 75k/yr out of college (2015usd), but my work responsibilities were the same to less as what I was doing as an intern(@26k/yr). In fact, many of my more hard core engineering experiences. as in being responsible for unique and innovative product development were accomplished while I was in college. After graduation, I became another no name cog,
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So within a couple of months they are back to their original purchasing power.
A college roommate's girlfriend died of the flu. She was a normal, healthy 20 year old until that point.
Growing up in the 70's and 80's....
Everyone gets $500/month. Landlord raises the rent $500. Or more realistically since she knows people spend 1/3rd of their income on rent, 1/3 of $500. Same with grocery stores. It'll bounce around a bit but will come to a new steady state in a few months.
benefit the poor more than the rich.
Until the rich realize the poor have a lot more money and raise the prices. It's the first thing I would do. In fact I would announce price increases long before it ever went to a vote in case they put something in the law saying that price increases above inflation were not allowed. If It passed, I could show that price increases were already on the books and announced. If it fails I'd just say nevermind.
Exactly! The reason Detroit neighborhoods are so beautiful.
It would be barely enough to live on.
What about the people currently on social security which pays up to $28k/year. They retired and bought a house based on that amount of income, now you are taking it away and giving them $7k/year.
More taxes, then more taxes, then physical property confiscation, then people get mad and start shooting, then civil war and we end up like the soviet union except with much better population tracking and control.
Venezuela, Cuba, China and North Korea are the only countries that have socialism in their constitutions.
You're deliberately pretending that history didn't happen
Hanlon's razor: Never ascribe to malice that which can be explained by incompetence.
My biggest question is what happens if a basic income does not work as well as people here are claiming it will? I've been to the Soviet Union, where they did not have a basic income, but did have lifetime jobs they could not be fired from and the social (and individual) destruction was beyond what people can imagine (having no reference).
Apply the Amish test. How well do yo think the Amish will be doing when the robots take over all work?
What makes you think China doesn't also want to keep "the government pork flowing"? I read an interview from a Chinese engineer after they had put someone in orbit. It was basically this guy lamenting how they could do so much more if they didn't have to hire so many people. He said they had seven times as many people as they needed and it got in the way of dong things. Same goes with companies and empire building
He got the one about everyone carrying around a cell phone and talking to it all day correct. And that was during a time before the internet got big and bigger (sized) computers were better. A monstrous PC on every desk. Laptops weren't even that popular then and cell phones were about making calls and not yet popular other than drug dealers.
The earth is still in the last ice age, in an inter-glaciation period, that started 2.5 million yeas ago.
Aren't we constantly told that workers in China and India lower the standard of living in the US? No more high paying jobs, etc.
At what number does rehabilitation become impossible?
deserves to spend the rest of his life in prison
He was sentenced to 21 years. Do you believe rehabilitation is impossible or do you want revenge?
I'm in the same position as the OP and did it with very little money, about $6k/year spread out over 8 years. I've found thee are whole communities that are into this. Look at the Amish.
disclaimer: im an automotive engineer.
I believe by internet rules, that makes you opinion here worthless. You should go opine on a subject you've only read about.
I use a debit card and have never had a problem, even with car rentals.
Their misuse is the issue, not their existence.
Couldn't the same thing be said about heroin?
Also discussed in Amusing Ourselves to Death: Public Discourse in the Age of Show Business by Neil Postman.
alternative solutions for a parent to share pictures
I use email. More specifically yahoo and/or gmail. Both have image drag and drop.
Or you could just be a decent person. It doesn't require any money.
I've long thought this. I was making 75k/yr out of college (2015usd), but my work responsibilities were the same to less as what I was doing as an intern(@26k/yr). In fact, many of my more hard core engineering experiences. as in being responsible for unique and innovative product development were accomplished while I was in college. After graduation, I became another no name cog,