UBI Would Likely Increase Poverty Rather Than Reduce It (2019)

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by rtp4me on Monday October 10, 2022 @07:57PM (#33157818)

What kinds of free money were people making 6 figures getting? I know many 6-figure people, and none of them got any kind of "free money". In fact, just the opposite...

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by phpisthebest on Monday October 10, 2022 @08:16PM (#33157932)

the standard payments everyone got, child tax credits (those cut off at $150,000), Student Loan Forgiveness, Student Loan Payment Cancellation, shall I go on?

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by ryandrake on Monday October 10, 2022 @09:28PM (#33158405)

Didn't the COVID PPP loans get shoveled out indiscriminately to anyone who even remotely looked like they had a business, without any kind of means testing or assurance that it was actually going toward employee paychecks? Then, much of it simply got forgiven. So convenient. Funny how when it comes to providing welfare to needy individuals, we must strictly means check every dollar so that it doesn't accidentally go to someone undeserving... but when it comes to shoveling money over to businesses, suddenly means testing is impossible.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by phpisthebest on Tuesday October 11, 2022 @07:32AM (#33162059)

>Didn't the COVID PPP loans get shoveled

Yes as I stated in my option, almost all COVID spending was highly corrupt, mismanages and ill-advised, that include the moronic PPP program where a good % of that money went to buy luxury and sports cars.

It seems from your comment that you have the mistaken belief that because I dont believe people making 6 figures should get loan forgiveness or increased child tax credits, that must mean I support giving business owners no strings attached money.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by rtp4me on Monday October 10, 2022 @11:04PM (#33159035)

I am part of "everyone" and did not get child tax credits (no children), student loan forgiveness (no student loans), student loan payment cancellation (again, no student loans), etc. Yes, please go on. Maybe there is some other standard payment I should have received?

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by phpisthebest on Tuesday October 11, 2022 @07:29AM (#33162032)

your anecdote is not valid counter to my point in comparing a Person who has kids making 100K+ with a Person working a Job at Walmart making say 40K

So if you would like to address my claims then I am all ears, but so far you have not done that

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by rtp4me on Tuesday October 11, 2022 @08:32AM (#33162565)

Not trying to be argumentative here, but you seem really focused on "wealthy people" taking more from non-wealthy. Please see here: https://www.cnbc.com/2022/06/11/the-pandemic-stimulus-checks...

Specifically, the end of the page has a table that shows what % of people received those stimulus checks. According to this table, 75% of the first stimulus checks were issued to people making less than $100K while only 11% making over $100K received checks. For the second stimulus, 76% making less than $100K got checks (versus 10% making over $100K). Similar numbers apply for the third stimulus.

If you can find different evidence, please share. I would like to learn more...

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