Basic income: the world's simplest plan to end poverty, explained (long read--worth it)

[DEAD7]

Dont speak in generalities, we are not a monolith here. The presence of your goofy ass is proof of the range of opinions here.

Fair enough.

I'll just wait for him to

explain the mechanism/show proof.

 

[OsO]

How much would this income be?

let's create the policy.

$200/month, $100 every two weeks.

$2400/YR per human.

314 million people x $2400 = $753,600,000,000 ... 753.6 billion/YR

QE for the people

 

[Mikael Blowpiff]

Dude was talking about people starving though. Someone in rural India looking for food in a landfill doesn't have a credit card. There's no money in starvation.

Do ya Googles on microlending and Pierre Omidyar. The firm he founded managed to get valued at $1.5 billion in 2010. Sure some people sold their worldly possessions in order to pay off the jacked up interest on the microloan that they took out to cover another micro loan. And yeah some people committed suicide. But you can squeeze blood from a stone if you try hard enough.

Coincidentally this is why I don't really fukk with The Intercept.

 

[Takerstani]

let's create the policy.

$200/month, $100 every two weeks.

$2400/YR per human.

314 million people x $2400 = $753,600,000,000 ... 753.6 billion/YR

QE for the people

I'm liking those numbers.I could finally get that chip multipack I've been eyeing at the grocery store.

.

 

[DEAD7]

and then what happens?

 

[CHL]

Do ya Googles on microlending and Pierre Omidyar. The firm he founded managed to get valued at $1.5 billion in 2010. Sure some people sold their worldly possessions in order to pay off the jacked up interest on the microloan that they took out to cover another micro loan. And yeah some people committed suicide. But you can squeeze blood from a stone if you try hard enough.

Coincidentally this is why I don't really fukk with The Intercept.

The Intercept doesn't appear to have let him influence their journalism at all though