Universal basic income would cause a massive economic boom as people who could previously barely get by decide to buy things like cars and houses and dishwashers and new clothes and employ the services of repair techs at need instead of putting it off indefinitely.
When I started getting $525 a week in extra unemployment at the start of the pandemic, I spent so much money just replacing everything in my apartment that was either irreparably broken or had been driving me crazy for years.
srsly, most poorer or even middle income ppl spend all they get.
Give more money to bezos & co and they’ll just tuck it away in a tax haven or do stock buybacks.
yet unemployment money and welfare are controversial (let alone UBI) while corporare bailouts aren’t, all because of irrational stereotypes.
money is less than worthless when its not being spent
