UBI will have to be instituted to save the economy

It's primarily about eliminating inefficiencies. When all these trillions go to small businesses and even corps, so many still default, so many continue to be run poorly, and about 5-8 cents of each dollar makes it to the actual worker. that is absolutely pathetic.

We need direct cash injections to these consumers, and at a rate of $1000-1200 a month, there's nothing socialist about it.

There is a misconception that work is the answer, but it's not, because we already know alot of SBA loans will still have their recipients fail, still have employees out of work and make matters worse because it's done further down the line. Let capitalism eliminate poorly run businesses and always give people a safety net for the very basic essentials. 5 different welfare programs are not the answer.

 

This is a misconception you have to come to terms with. "Work" . " Work" . "Work".

Thousands of small businesses and corporations will still fail with the loans given to them. Even when distributed through businesses, these handouts are highly inefficient, the end worker gets 5 to 8 cents on the dollar. It really should be 20. The poorly run organizations will keep having stock buybacks which only benefits the millionaires working for them and high level execs. Let's focus on the actual middle class and workers, the majority of the economy who make it run like it does. Give them direct income and stop wasting everyone's time.

Most importantly, we have to let poorly run businesses fail or we will keep racking up debt, keep going through unemployment periods, and keep encouraging bad decision making. Bankruptcy is not a bad thing, because it gives the employees more ownership and access to capital. They are STILL EMPLOYED BY THE COMPANY. It just liquidates the speculators and other useless entities (all of them wealthy) who are only focused on short term gains.

 

Hyper inflation will result with inefficient bailouts. That is exactly what the US is in danger of with round 2 and round 3 of bailouts, some of them going to entities like Harvard (yikes).

You really shouldn't be scared of 1000 a month. It's not enough for the majority of workers to not work, but it's enough to help a couple pay rent and put food on the table during uncertain periods. The people who don't work on 1,000 will be those who wouldn't work anyways or are seniors. Another thing - automation is inevitable. No matter how much education you give many people, they won't be more efficient than a robot.

The ironic thing is if you are part of the 1% or someone who owns the means of production, you should encourage it to keep from riots and breakdown. Happy workers, even at lower salaries, offer better production. You can also avoid paying a $15/min to your least skilled worker, when alot of very skilled workers only make a little more ($20/hr).

 

Atleast .. the stigma is gone as it has already been done once. But it has to be an ongoing thing ,why not try 6 months? Why not try 3? The country will not collapse, it might if you don't. Oh no, the bankers won't have more funds to play with and raise interest rates on..GOOD

 

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">So stocks have never dropped when more than 3 million people apply for unemployment. <br><br>That is crazy. <a href="https://t.co/v43tyXDncI">pic.twitter.com/v43tyXDncI</a></p>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="">April 23, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Americans need to realize the stock market only reflects the wealth of the wealthy... who are rewarded for short sighted , poor decision making every time there is a bailout. UBI creates a sense of checks and balances where bad business loses out and the already wealthy shareholders and upper execs may lose a summer home, but the employees gain more power and control. No one to blame but themselves for continuing to believe and support policies that hurt them, the 99%.

 

This is the age old argument that isn't going to work in this once in a century scenario. The wealthy are too afraid the working class will stop showing up with a UBI, but I don't think you get how limited 1k/adult is in 2020. It's enough, but not where cities will shut down. People still have drive to live and now more motivation with basic needs taken care of. That is human psychology wherever you go in the world.

The stigma is gone - we've already sent out checks to 100 million Americans with more on the way. There's no reason they can't be sent out each month. Because 3,6 or 9 months down the line (winter) the wealthy will start seeing strangers knocking at their doors when they can't create safe jobs. The UBI HELPS the wealthy run their businesses efficiently and not have to pay the lowest skilled workers a ridiculous wage.

 

It's embarrassing, but very much what colonial ideology was founded on - you are at the mercy of the rich, they create everything, be grateful for any opportunities given to you. Well under the umbrella of merit, those who constantly squander their opportunities are bailed out , from CEO's of poorly run companies to inherited trusee idiots like Jared Kushner, and people can't take any legal action against it.

Very important to take away - bankruptcy is not a bad thing. Clearing house due to insolvency is not a bad thing. The employees do not get fired, things are restructured and they end up with more ownership and power in the company. But the idiots making poor decisions are forced to be accountable, lose the bonuses, the high salaries etc.