https://youtu.be/oyoMgGiWgJQ?si=RZCGE3vXzSk1ISfy
*UBI can only be done for two reasons: movement simplification (to lower overall cost) OR in leu of negative interest rates.
Government simplification was already explained in the video as a UBI would replace many government programs...thus the cost savings.
Replacing negative interest rates would be a bit more complicated but would have been implemented right after the 2007-2008 great recession. Essentially if the Central Bank/Federal Reserve could not go lower in interest rates, then people (upon approval of fiscal policy) would issue checks to non-corporate individuals (people) and can be curtailed to citizens thereof.
**(sorry for the second post but maybe there is another health based reason besides just "financial positioning.") maybe in the paper is wrong due to unforeseen factors such as medical information: as overworked individuals (America is known to have low sleep, there is a sleep deficit....so less work people might have better health as replacement of 1-2 hours lost in income.) Thus the "net-worth" converted to a "medical" or healthy lifestyle benefit? [in other words, poverty creates a sleepless environment or poor sleep environment, and low sleep individuals tend to have the same effects as poverty has (even if the person is extremely wealthy financially.) The Liberian study mentioned in the video seconds this opinion because they sleep in the hut and no one wants a wet bed when they sleep.]
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