Richard Branson: US should give out FREE CASH to fix inequality
 

Interesting idea: Universal Basic Income

What could possibly go wrong?

Will he start by handing out his? If so where do I sign up?

http://www.navegante.co/wp-content/u...nductuales.jpg

To overcome inequality, we should also have Universal Access to Sex ... :stoned

China does this and it works out very well for them.

I'm fiscally conservative so I don't like the theme of "free money" for people that don't, or refuse to, make money of their own.

How can cash be free if it has monetary value?

You are definitely on the right path, my friend.

There should also be a huge army of global robots so people no longer have to work... unless they want to. :winkwink:

Cash as no intrinsic value

Yeah, IKR? But aside from the obvious, do you guys think we have the TECHNOLOGY to pull this off? ie., 3D printing, robotics, AI machine learning, etc etc?

Great Dickie you can start with me.

I'll take it in hundreds please.

He is such a Richard.

Sorry, but the rich and elite like Chump need the money more

fixed it for you...

Richard Whiskey?

I like that guy . . .

First he pollute half the world with cheap tickets and now he wants to give others money away.

Great guy. What an inspiration.

Quite. Let's see how he fares in the grand redistribution of wealth.

If you give the working poor on up 500 dollars a month. That money will be spent paying bills, buying food, or buying goods and services. It will go back into the economy and not into buying back stocks, politicians, or just sitting in some account

Let's Test this theory, at the Hard Rock next January ! Free rooms for all, courtesy of Ricky :thumbsup :thumbsup

That is what people will assume but what actually happens is the cost of living goes up over night. Food costs, gas prices, rent all go up right away.

Don't believe me? 28% raises for min wage workers in ontario in the last year and it's already happening. Not even a year in...

and that is just a wage hike...

When I first moved here rental units at a nice complex down the street were $1,600 a month, 10 years later the same unit is $2,500 a month.

Wages sure as fuck don't increase with the cost of housing or the cost of living, the middle class is almost completely gone because of corporate greed. Something has got to give soon and it will not likely be very good at all.

Umm that's a nice story but that has nothing to do with what i said.

what happens to you personally doesn't matter. there are a million reasons rent can go up and down. property values, demand, jobs... but if that and everything else goes up in the same 8 months? It's not corporate greed...

Interesting. Any links to studies to prove this?

How bitchy of you!

You must be drunk.

Housing is part of ones cost of living and my post was about rent going up $900 in 10 years, wages staying stagnent, and the middle class diminishing. Out here you can count in rent being increased 10% a year like clockwork and it has nothing to do with property values, it's about greed.

Umm sucks this needs explaining to you.

If you give away money it will just devalue the currency by whatever portion of money supply it represents.

As well there is no guarantee it will be spent on bills or for anything practical.

In fact I feel if you gave everyone in the USA a million dollars today there would be a great many who would have blown through it by the weekend. There would also be those few who would double it. Poverty will never be fixed by throwing money at it, it's more complicated than that.

Shhhhhhhhhhhh don't speak the truth.