Re:Moving Forward on Basic Income
by breischl on Tuesday May 31, 2016 @01:55PM
(#11808504)
It's a laudable goal, but giving a bunch of (mostly) naive, uneducated kids a lump sum of cash is a recipe for disaster. There would instantly be an industry focused on parting them from that money, one that would be extremely profitable and mostly not related to education.
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Re:Moving Forward on Basic Income
by sievebrain on Tuesday May 31, 2016 @02:46PM
(#11808988)
We might call that industry the education industry.
Giving kids lump sums and then convincing them to part ways with it for questionable ROI is already a massive problem.
Wait, we do that already? I don't recall getting any significant amounts of money when I graduated high school! I feel so cheated.
Anyway, there does seem to be a problem with loaning kids lots of money and then parting them from it, but that's a different issue.
You weren't given cash, but today kids are given an essentially unlimited amount of government backed loans to pay for school - the availability of which has caused education costs to skyrocket.