5 ms·
I'm not opposed to basic income, but before we do something like that I think we owe it to people to teach them how to actually use money. If you look at the US
by pneill 6y ago
I'm not opposed to basic income, but before we do something like that I think we owe it to people to teach them how to actually use money. If you look at the US Bureau of Labor Statistics for people making less than 50K a year, you'll see stuff that blows you mind. https://www.bls.gov/cex/2019/CrossTabs/sizbyinc/xtwo.PDF https://www.bls.gov/cex/2019/CrossTabs/sizbyinc/xtwo.PDF
For example, a family of two making less $15K a year is spending $1,800 on restaurants. A family with that income should not know what the inside of a restaurant looks like.
Giving people money without the knowledge or skills on how to use that money effectively is throwing that money away. I wonder if other countries that have basic income programs do a better job education their people on how to use money?