BNM,
You are thinking with bias and therefore you seek to confirm your bias. Have you been taught Null Hypothesis testing? If you haven't, and you don't have the discipline to conduct NH testing then it's kind of pointless talking about this because you'll only seek to confirm your bias.
Now in my original post, I said I was initially against UBI, but after looking at the trends, I don't see a way out of this mess. The wealthy don't spend enough and their bank account is the measure of their **** and boobs/butts and so everyone wants a bigger **** and a bigger boob. The wealthy are causing the economy to stagnant. When they do spend, it is only to acquire more assets and to inflate asset-class for the average citizen. For example, investors are why houses are beyond the middle class reach again. This means when the asset class is no longer returning a sound return, the investors will DUMP (see hype curve), and hurt the average joe networth, and they will RINSE and REPEAT this every market cycle. In swing trading, you see this hype cycle go up and come down rapidly. Smart money always beat dumb money... The average American is dumb money.
So we need to level the playing field and accelerate the spend rate. I don't care if it is UBI or NIRP, we need to increase the cash conversion cycle and put the capital into the market in such a way not to inflate asset-class.
