Quote:
Originally Posted by blankall
UBI also relies on the population spending their UBI on the needs of basic living, as opposed to just blowing it on cars, toys, entertainment, drugs, etc...What proportion of the population would use the extra income to leverage themselves into a car loan they can't sustain? That happens to a significant proportion of the population now. The idea that with basic income everyone would suddenly become financially responsible and choose to work, even thought they do not necessarily have to, is idealistic at best.
Are we going to then limit what people can spend money on? Give landlords and other debtors the rights to garnish UBI cheques for unpaid debts?
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Someone accepting UBI shouldn’t be offered credit. Easy credit is a big part of the reason upward class mobility is so difficult, even if it gives the opposite facade.