Re:Young adults in L.A. to get $1k a month under new guarant...
by Kim_Bruning on Thursday October 13, 2022 @08:47AM
(#33190259)
The biggest expert on one's needs is oneself.
Giving a person money and then telling them to invest it wisely is not necessarily the worst idea ever.
The risky part is that you're giving the money to random people; as opposed to smart, promising entrepreneurs.
The question becomes what's the risk of free riding & unwise investment, through indifferent investment through to people who indeed invest wisely.
Personally I think that -in most of the OECD- the average/net risk already lies somewhat on the wise investment side. (slightly out on a limb: else how could the economy grow to begin with?)
Giving a person money and then telling them to invest it wisely is not necessarily the worst idea ever.
The risky part is that you're giving the money to random people; as opposed to smart, promising entrepreneurs.
The question becomes what's the risk of free riding & unwise investment, through indifferent investment through to people who indeed invest wisely.
Personally I think that -in most of the OECD- the average/net risk already lies somewhat on the wise investment side. (slightly out on a limb: else how could the economy grow to begin with?)