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Re:People kept working, became healthier while on basic inco... by Joeri on Thursday March 05, 2020 @02:08PM (#22496913)
UBI doesn’t get stuffed under the mattress, it gets spent, buying electricity, funding investment into electricity networks.

Give money to the poor and most of it will end up back at the rich. It doesn’t work as well trickling down.

Re:People kept working, became healthier while on basic inco... by Aunche on Thursday March 05, 2020 @04:12PM (#22498323)
Money will eventually circulate everywhere, but it's a matter of efficiency. This is an immense simplification, but to illustrate the intuition, consider 2 options:

1. Apple spends $10 million dollars to build a factory in a developing country. This creates 2,000 jobs over a couple years. These people can finally afford to see a doctor and heat up their homes during the winter.

2. Apple gets taxed $10 million that funds 1000 people's UBI. Their lives are somewhat less stressful. There is a higher demand for Iphones, so Apple can charge a bit more money for them. After a decade, they are able to open an additional factory. However, within that decade, 100 people in that developing country died of a disease that would be easily cured with medicine had they had they been able to work at the factory 10 years ago.

Re:People kept working, became healthier while on basic inco... by WalterBright on Thursday March 05, 2020 @03:47PM (#22498020)
The money to pay for UBI doesn't come from a mattress, either. It comes out of money that was invested.
Re:People kept working, became healthier while on basic inco... by EthanHeilman on Thursday March 05, 2020 @03:24PM (#22497761)
Trickle up economics?
Re:People kept working, became healthier while on basic inco... by zepto on Thursday March 05, 2020 @02:59PM (#22497512)
Since trickling down doesn’t work, if UBI doesn’t work either, we need a new proposal.