Re:Germany begins 3-year universal-basic-income trial
by MisterBastahrd on Wednesday August 19, 2020 @03:38PM
(#24215209)
Source? Reality. Look at the savings and investment rates for the poor. Where do you think the money is going? Most people still source their large purchases locally, even if it's at a store chain, which keeps the local economy going because there are plenty of services used at those stores that are local.
A guy who goes and buys a nice new luxury TV from a local Best Buy is still supporting local businesses indirectly because that Best Buy is going to have multiple contracts with local businesses for services.
If I was working full-time and could live comfortably off that plus extra UBI, I think the majority of people would spend it on more luxurious goods (phones, laptops, drugs, etc.) which are mostly ran by/on outside/blackmarket economies...
We're not sure of the magic number/ratio between "person will use UBI for basic, locally-sourced needs" vs. "person will use UBI for 'wants', sourced elsewhere" and I think there's so many factors that it will be hard (almost impossible) to come up with a palpable answer.