Is it wise to create more of them?

Yes, if what you mean is "is it wise to let anyone who has no desire or ability to work subsist at a level where their basic needs are met?"

Yes, if what you mean is "is it wise to separate subsistence and health care from work, so that creative destruction of jobs does not condemn the displaced to bankruptcy, homelessness and a shorter lifespan?"

No, if what you mean is "is it wise to allow the wealthy to create further generations of trust-fund babies who have no incentive to do anything?"

> Have you met any trust fund babies who don't have to work? Do you think it's wise to create more of them?

What is your basis for believing that UBI would create more of them? UBI would be ... universal, so A) society would better adapt since it's pervasive and B) there's no way any single individual would have access to a trust fund baby lifestyle off it.

If it's truly universal, then the it's good effects will be severely curtailed by the substitution effect.

https://en.wikipedia.org/wiki/Substitution_effect

As a layperson, could you expand on your point here?

If you met a trust fund baby who didn't have to work, but still chose to work and live a normal life, would you even know it?

Yes. I think most folks are keenly aware of which of their friends have "family money".

Are they, or are they keenly aware of which friends have "family money" and let it change how they live?

> Thank you Obama.

Take a look at the animated graph in the middle of the article. There was a lot of movement under Clinton and Bush Jr. as well. Obama didn't fix it, of course (or even stop it), but it's not fair to single out Obama for your scorn.

Yes.

The biggest % change was during the years 2003-2008 and as far as I can tell the chart peaked in 2011 and receded slightly after that.

Also, changing the tide will required the combined desire of a sitting president and congress to make it happen. The democratic congress of 08-10 was, at best, a neoliberal shitshow. They had no desire to correct this course.

> not fair to single out Obama for your scorn.

You mean for failing to convince the general public that Hope is a good approach when faced with a broken economy?

There is no way anyone will be living off of just a UBI at least in the terms it is currently described. $10k/yr doesn't get you very far especially when it is offset by cutting nearly all other social safety nets.

I think theres a difference between the money received for UBI and from a trust fund.

Please correct me if Im wrong with an amount.

The trust fund babies I know make more money than you could imagine, and are conspicuous consumption incarnate.