Sleepy Joe created a disaster . Millions of job openings nobody will work

[destriero]

Violent crime would go down by half with UBI. I wouldn't benefit in the least... I'll pay more in taxes for 2020 than 99.9% of your net liqs. There is no argument against progressive taxation--the working poor contribute more than they take (working for corps/multinationals). They are going to put that money back into the economy anyway as they are too financially unsophisticated to invest for the future. It blows the flat tax to hell in terms of GDP growth.

Crime is correlated to poverty. $1K per month eliminates food insecurity for tens of millions.

And please don't tell me about inflation as you're contemplating that 0.4% CD-rate (prior to recent rate moves).

 

[destriero]

I made it my personal policy to show my deep appreciation to those who work in risk jobs or undesirable jobs at low wages. I am not alone, though I am afraid in the minority bucket

Well then you should absolutely be a UBI-evangelist. Minimum wage is arbitrary and has no basis in economic reality. UBI is the answer.

 

[ph1l]

Violent crime would go down by half with UBI.

Guess again.

What we learned about basic income in 2019

Alaska Permanent Fund Dividend (PFD)
...
The PFD increased substance abuse incidents, had no effect on violent crime, and reduced property crime (Watson et al; Dorsett also found reduced property crime, but only when the PFD payouts were large). Lerner found no detectable effect of the PFD on high school completion. Mahdavi goes back to the PFD’s introduction in 1976, finding that receiving the PFD just before an election reduces voter turnout compared to receiving it just afterwards.

 

[JSOP]

Just read a big article were business booming again in restaurants and shops but owners can’t find workers $600 plus a week unemployment or $15 an hr to sit on your sofa the next 6 months is more lucrative. The traffic in my area the worst I’ve ever seen . The fed unleashed a monster inflation from the bottle .The most job openings in history in my state I read

Jobs that should've been filled by robots anyway. The fed didn't unleash inflation. It accelerated the arrival of complete robotic automation. Many of the major grocery chains in my area and discount stores like Walmart are already using self-serve check-out machines. That eliminated about half of the cashier jobs already and unfortunately for the better.

This is the future. Better get used to it. Eventually ALL of us will be unemployed and will be collecting $$ and playing the investment market where robots are pitted against each other.

 

[JSOP]

Duh, this was the first taste of UBI

Watch out, here it comes..

UBI is the future. I have said many times before and I will say it again. Eventually we will all be collecting UBI with all of our jobs taken over by robots. Robots are shown even able to perform creative work. We are just waiting for robots to be more fully deployed so inflation will be kept as low as possible while we wait for robots to be implemented.

 

[Saltynuts]

Breaking news! Trump responsible for two out of three stimulus packages! Also record-breaking corporate welfare via tax cuts!

When someone says "corporate welfare" they automatically identify themselves as a dumbass. Far from a first for you, however lol....

 

[athlonmank8]

UBI is the future. I have said many times before and I will say it again. Eventually we will all be collecting UBI with all of our jobs taken over by robots. Robots are shown even able to perform creative work. We are just waiting for robots to be more fully deployed so inflation will be kept as low as possible while we wait for robots to be implemented.

This is simply not true. Slightly delusional too. You cannot automate everything. Someone needs to build and fix the robots etc

 

[JSOP]

This is simply not true. Slightly delusional too. You cannot automate everything. Someone needs to build and fix the robots etc

No that is not true. Robots can be and are being used to build and fix robots as I am typing this sentence. https://www.computerworld.com/artic...otics-one-robot-repairs-another-in-space.html

If this can be done in space, it's only a matter of time that it will be done for all robots. Trust me, eventually everything will be automated.

 

[DiceAreCast]

I think you should stick to options trades, you make no sense whatsoever. What about minimum wage is arbitrary? Why do you bring it up? UBI would be the end of it all. Inflation will adjust accordingly and the amount paid to everyone will soon equate a loaf of bread. I am not for a minimum wage nor for UBI.

Well then you should absolutely be a UBI-evangelist. Minimum wage is arbitrary and has no basis in economic reality. UBI is the answer.

 

[DiceAreCast]

Not every part in the world is gettoland in the US. Perhaps you should travel more after covid. And for those who patrol the jungle, even more respect from my side.

Your policy means nothing to those on the front lines. Do you want your son to be NYPD while #BLM going on? I don’t. I understand some don’t have a choice, but for those who do, it’s not a wise one, imho.