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comment by theadvancedapes
theadvancedapes  ·  3987 days ago  ·  link  ·    ·  parent  ·  post: 5 reasons to consider a no-strings-attached, basic income for all Americans

    Where does the money end up?

It ends up in your bank account. Unconditionally -- every month -- just for being alive. You shouldn't have to pay to exist. You should be able to spend your one life doing what you want. End of discussion. We wouldn't be giving "10,000" people UBI. Everyone would get a minimum income.





OftenBen  ·  3987 days ago  ·  link  ·  

No I understand the concept. But when people SPEND that money, where does it accumulate?

Edit to include I think it's a good idea, but needs to be very carefully implemented.

theadvancedapes  ·  3987 days ago  ·  link  ·  

Well hopefully a UBI would boost the economy, especially for small business, as it would promote greater middle class spending. Right now our money is accumulating in the off-shore bank accounts of a few hyper-wealthy people. Now that money could just circulate fairly in the actual marketplace.