Quote:
Originally Posted by The Yen Man
I agree with Yang's argument that the only way that this possibly works is give it to everyone. It doesn't matter if you're poor or you're Bezos, everyone gets it. If you don't do that, you'll end up with the same issue we have right now, in that only a certain group qualifies for it, which then fosters resentment from people who pay taxes that fund this without getting anything out of it.
In the grand scheme of things, the 1% get their 1K a month (if they so choose), but it's 1% of the total pool given out. It at least gives off a better perception that it's truly universal and does not discriminate, plus, in theory, it cuts down a lot of admin work required for approval processes.
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How do you account for the basic inflationary effect of giving everyone a grand? everything the people you are trying to help buys would go up in price to absorb it in a week, especially accomadation, shysty landlords would be jacking up the cost of a slum the day it went into effect.