$500 a Month, No Strings: Chicago Experiments with a Guaranteed Income

Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by LinkLink on Tuesday February 14, 2023 @07:56PM (#34798564)

What needs redistribution incentive is assets not income. Anyone can get income, even disability is income. However assets are increasingly out of reach.

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Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by everfree on Tuesday February 14, 2023 @08:26PM (#34798851)

Assets and passive income are interchangeable. Assets produce passive income, and you can borrow against reliable passive income to purchase assets.

If you redistribute passive income, you redistribute access to assets. If you redistribute assets, you redistribute access to passive income. They are one and the same.

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Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by quxbar on Tuesday February 14, 2023 @08:00PM (#34798600)

If I knew every person had a guaranteed income, I would have a lot of business ideas that would be radically more feasible. It would be much easier to borrow against a portion of one's future income and secure capital.

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Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by paulpauper on Tuesday February 14, 2023 @08:04PM (#34798636)

Invest your $500 in the stock market.. now you have assets. People choose to buy rapidly depreciating discretionary goods instead of investing.

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Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by nine_k on Tuesday February 14, 2023 @08:26PM (#34798843)

This way to acquire assets is statistically working, but it's very slow; it takes decades, unless you actively trade and maybe have some not entirely public insights into the businesses you invest in.

Also, an investor risks to lose the investment when the market crashes. Not everyone thinks about that during a market rally though; during these it looks like you can keep making tons of money for a long time.

I'd say that investing in a car repair shop and the appropriate skills would likely pay more, that is, would produce more assets faster.

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