Los Angeles experimented with a guaranteed income for poor families - what do you think happened?

[msc545]

LA gave poor families $1000 a month for a year to spend any way they wanted. Find out what really happened here:

https://laist.com/brief/news/los-angeles-guaranteed-basic-income-program-study

[lightbulb27]

Depends on the person receiving, their support system and guidance. Ill read later.


Probably on consumables, saving for some purpose like business, maybe wven gice to others leas fortunate for they would be sensitive to their concerns.
Rich bexome more selfish. Such is the poison of mammon and its comforts.

[goaded]

I think they found somewhere to live, better jobs, and were generally happier. Much better than spending tens of thousands a week on prison places.

[msc545]

exactly.

[Kelley1]

That is kind of like the police investigating themselves. I am certain the study was designed to give the outcome they wanted and that the results of the studies are full of lies. Poor people have poor ways. Give them money and a month later they are in the same condition as they were before receiving the money.

[Guacamole409]

My good buddy msc545, Andrew Yang proposed this years ago, but the fucktards voted for Biden. Jacque Fresco proposed this way before Yang,

But the Dems didn't like it. Dems love giving Ukraine money, but not struggling Americans.

[msc545]

Do you have evidence, or is this more of your opinion?

[DryGermanGuy]

I am fairly certain they didn’t buy Trump sneakers, MAGA flags or silly trading cards. 🤔

[Agape93]

In such an expensive ass place I don't see how much it'll help. Besides, who's paying extra so they get that extra 12 grand each?

[msc545]

The government prints extra money so relax, it is not coming out of anyone's pocket. It is not much, but read the article - it helps a lot of people including many children.

[Agape93]

Printing extra money isn't a flex, that's a problem that makes inflation worse. It decreases the value of the money in circulation.

[msc545]

They are not doing that much of it obviously.

[Agape93]

3,202 families at 12 grand for the year each, is 38,424,000. That's a lot bruh.

[msc545]

It is nothing. The government subsidizes defense contractors to an even trillion $ per year, and that is what they admit to. It is probably 1.5 times that and more considering all their "black" programs and other secret shit.

[Agape93]

Except that's funded by tax dollars. California is printing 38 million bucks for a small fraction of the population of one area. That's not a good thing. That hurts everyone else. It would be whatever if this was tax funded, but printing free money is an issue.

[msc545]

It doesn't hurt anyone or anything at all, except perhaps your feelings.

[Agape93]

As I said, it devalues currency by printing extra money. That makes money worth less than it would be otherwise.

My feelings are entirely irrelevant. Not sure why you brought that up

[Chazmatazz269]

Never try to reason someone out of a position that they didn’t use reason to get into.

[Agape93]

Lol.

[Sevenpointfive]

so they get everything for free and already and they get $1000 a month?

[msc545]

They don't get anything for free. I have no idea where you people get these ideas but they are very wrong.

[Sevenpointfive]

so it's free then

[msc545]

The money is given to them without any conditions attached. Everything they need still costs something - like food, shelter, and clothing.

[Sevenpointfive]

but they pay for it with the free money

[msc545]

Yes. That money is really not enough to buy much. It would not pay for a month's apartment rent here, but it might be enough to feed 1 or 2 people for a month.

Please read the article using the link I posted.

[Sevenpointfive]

but they don't have to pay rent. they could get a job and save that money. anyway, if you can't afford to live there then move right

[midnightmoon05]

I have been saying it’s turning into a communist society. There will alway consequences… free money or free anything is another way to control

[msc545]

Did you read the article? What consequences are there for anyone who is involved in this?

[exitseven]

@msc545. There were consequences to the taxpayers.

[msc545]

Really you think so? How about some evidence for that?

[exitseven]

Where did the money come from? Did it come from the state treasury or did the Easter Bunny leave it? If the taxpayers had to cough up then there were programs that would help taxpayers that they will have to do without. That's okay though, the taxpayers , especially the ones in California , are used to getting screwed,

[msc545]

@exitseven It came from a printing press. US Money is not backed by any asset other than faith.

[exitseven]

@msc545 If it came from a printing press then it caused more inflation and made the money the taxpayers have in their savings and retirement accounts worth less. It is still a consequence although it is hard to point the finger at who caused it.

[msc545]

@exitseven If it caused any inflation it is too small to measure, and inflation is controlled by interest rates and the Fed, not this.

[exitseven]

Economics 101 = The more money that you print the less it is worth. The inflation that the Biden Administration causes was first caused by making gas more expensive by cancelling oil leases on federal land and creating s war with the energy sector.. Then it was made worse by printing a trillion dollars every 100 days to pay for projects we didn't need.

[msc545]

@exitseven That trillion dollars you refer to was printed to provide Socialism for defense contractors - a republican move.

[exitseven]

It was called the Inflation Reduction Act. I'm not making this up.

[msc545]

@exitseven So?

[exitseven]

printing more money to help stop inflation is counter to any law of economics.

[msc545]

@exitseven So will the economics police arrest the people that do it?

[exitseven]

no the taxpayers just take a beating as usual.

[msc545]

@exitseven An imperceptible "beating" if any at all.

[Dargil]

They bought drugs and alcohol.

[msc545]

They did not. That is a lie.

[msc545]

Why is it that when they are in a difficult position, conservatives openly lie?

[Dargil]

Do you even know what a lie is?

[msc545]

It is much of what comes out of your mouth.

[Dargil]

Can't answer?

[msc545]

Cannot read or comprehend plain English?