Universal basic income (UBI) sucks. We all get 24 hours, every single day, for years. If a person can't figure out how to trade that time for a living, or if they choose not to, giving them $1000 every month will only exacerbate their problems.
This is better than Yang's UBI. “The Worker’s Wage: An Alternative to Increasing the Minimum Wage Which Helps Low-Wage Workers…”https://link.medium.com/0lZb5dQly0
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While I don't think UBI is a good idea, I do think it's worth a try. Perhaps the federal government could draw an American city of 100,000 people out of a hat and announce that in 2 years, all 100,000 people currently living there will get $1000/month for 2 years.
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If you give everyone cash, you can't track how the money is spent. If you give them a debit card, they can still use their non-UBI income to buy drugs, alcohol, useless crap. In any case, I find it difficult to believe that a society that can't teach it's people to use a credit
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card is going to thrive with those same people getting a cash handout monthly.
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End of conversation
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