Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by somethoughts on Thursday May 21, 2020 @08:05PM (#23267158)

Just happened to be reading about how the current stimulus checks are being used this morning. Perhaps its a bit of click bait, but interesting to ponder nonetheless. It does seem like using UBI to play in the stock market would not be the intent of UBI and be hard to prevent.

"Many Americans used part of their coronavirus stimulus check to trade stocks"

https://www.cnbc.com/2020/05/21/many-americans-used-part-of-...

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by thekyle on Thursday May 21, 2020 @08:52PM (#23267556)

I actually think people putting their stimulus checks into the stock market is better than the existing QE system.

Why have the government choose which companies to bailout when they can instead bailout the people. Then the people can decide which companies are worth saving and which are economic glut.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by fastball on Thursday May 21, 2020 @08:18PM (#23267283)

Isn't buying stock a great way to help the economy recover?

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by somethoughts on Thursday May 21, 2020 @08:23PM (#23267322)

I'm not making any morale or financial decision making judgements :) - I'm mostly pointing out that using your UBI to make stock market investments is not usually mentioned as a use case by UBI proponents.

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