Andrew Yang's first experiment: Stockton??

[Ma|3Strang3r]

The UBI or Freedom Dividend is a GREAT Idea. $1K/month is just how much I pay tax to the Govrm't every month. If I can get $1K back every month, it will help a whole lot.

[Believe_N_Me]

Why would you invest if there's always money coming in and it won't ever run out?

See the voters' logic there?

That's what I'm saying. Most poor people do not use extra cash, if given to them, to invest for the long run. They would immediately spend it. This is why some people stay permanently poor and it becomes generational. They eventually outspend themselves. Soon, even an extra $1,000/mo. is not enough for them as they will demand $2,000/mo. Society cannot continue to bear the burden of these people.



 

[Reporter]

Isn't public money meant to be spent and not invested? You'd be penalized for investing it, correct?

Having free money doesn't mean one cannot keep working on the side.

That's what I'm saying. Most poor people do not use extra cash, if given to them, to invest for the long run. They would immediately spend it. This is why some people stay permanently poor and it becomes generational. They eventually outspend themselves. Soon, even an extra $1,000/mo. is not enough for them as they will demand $2,000/mo. Society cannot continue to bear the burden of these people.