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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. MaskOn‏ @backspaceTab22 5 Oct 2019
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      Replying to @backspaceTab22 @Molson_Hart

      The majority of bankruptcies are caused by medical issues.

      2 replies 0 retweets 0 likes
    2. Molson Hart‏ @Molson_Hart 5 Oct 2019
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      Replying to @backspaceTab22

      Molson Hart Retweeted Molson Hart

      From the main reply to my original tweet: "To be clear, I'm arguing against UBI, not a social safety net." And see this from earlier today:https://twitter.com/Molson_Hart/status/1180623451683463168 …

      Molson Hart added,

      Molson Hart @Molson_Hart
      You rarely see graffiti citing a statistic. pic.twitter.com/33SRqh6nuM
      Show this thread
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    3. Molson Hart‏ @Molson_Hart 5 Oct 2019
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      Replying to @Molson_Hart

      >A significant proportion of our population lives in self reinforcing negative feedback loops. Some people are beyond repair, but enough are not to deserve help. Sure, but giving them $1000 isn't going to help with that, in my opinion.

      2 replies 0 retweets 0 likes
    4. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      So we agree that some people are broken beyond repair. You say that there are people who are not who just need basic income to get out of a bad feedback loop. If programs like TANF exist, why haven't they already broken out already? There are numerous temp. assistance programs.

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    5. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      Replying to @backspaceTab22

      Just so we're on the same page, your argument is that: UBI would be good because there are people who are not "broken beyond repair" who are trapped in a poverty cycle who can break out of it if we simply gave them some money.pic.twitter.com/4hzKJUk2Zm

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    6. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      First of all, TANF is different in every state. What you used was Maine's. Maine's minimum wage is $11/hour. 22 working days in a month and 22*8*11 = $1936. This person, at $1640/month, is working 34 hours a week. They would also be paid child support for each child.

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    7. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      Replying to @Molson_Hart

      According to what I've read online, if the significant other has no or very low income, they will pay $25-$50/month in child support. Having 4 children with someone who is poor to the point that they can't afford to pay more than $25-$50/month per child is an impressive feat.pic.twitter.com/EMJgEuhM99

      1 reply 0 retweets 0 likes
    8. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      Replying to @Molson_Hart

      In order to keep this poverty trap going, this person needs to basically have zero relatives who can help him/her. It's worth mentioning that they may be eligible for other benefits and that Maine is not NYC or SF in terms of cost of living.pic.twitter.com/67zCQVE5Ij

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    9. Molson Hart‏ @Molson_Hart 6 Oct 2019
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      Replying to @Molson_Hart

      I went ahead and applied for other benefits using 1642 monthly income (above the TANF threshold you cited).pic.twitter.com/uVoOCBz78S

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      Molson Hart‏ @Molson_Hart 6 Oct 2019
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      These are the additional benefits I get.pic.twitter.com/p2HNEu2srQ

      12:39 PM - 6 Oct 2019
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        1. Molson Hart‏ @Molson_Hart 6 Oct 2019
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          Replying to @Molson_Hart

          So to summarize, I'm pretty skeptical of a poverty trap for people who are not addicted to drugs or capable of working (i.e. not blind, disabled, mentally handicapped). There's ample government assistance, even for a 4-kid no-child-support no-relative hypothetical person.

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