Alaska’s 1600 per year is more akin to a tax refund.
It may be on a smaller scale than is traditionally advocated for with a UBI like program, but it is a UBI. According to Wikipedia, the PFD(Alaska Permanent Fund Dividend) is a Basic Income in the form of a resource dividend. Any adult Alaskan resident is eligible for it whether or not they pay taxes. It’s not a tax refund.
If 300 million people suddenly had an extra 24,000 dollars to spend in a year, you don’t think every business in the country would be scrambling to get their cut?
Of course they would be. That is why a lot of business offer sales, when the Alaska dividend check go out. They want to convince you to buy their crap. When businesses want money, they have to convince people to buy their stuff via sales and promotions. That usually means lower prices.
Perfect is the enemy of good in this case. I would much rather have a $100 UBI just to test out the system than have no UBI ever happen because people argue it has to X amount. It is however very important to tie it to inflation so it doesn’t get effectively nickeled and dimed into continual cuts like the minimum wage largely has in many areas.
Yeah, it’s kinda funny. The research papers tend to cite things like “wealth flight” and “housing price plummet” as economic concerns about UBI, yet whenever folks talk about it, we’re all afraid of landlords just raising rent.
I’m not sure on either of them, but watching everyone argue both extreme opposite possible outcomes for it is funny.
It may be on a smaller scale than is traditionally advocated for with a UBI like program, but it is a UBI. According to Wikipedia, the PFD(Alaska Permanent Fund Dividend) is a Basic Income in the form of a resource dividend. Any adult Alaskan resident is eligible for it whether or not they pay taxes. It’s not a tax refund.
Of course they would be. That is why a lot of business offer sales, when the Alaska dividend check go out. They want to convince you to buy their crap. When businesses want money, they have to convince people to buy their stuff via sales and promotions. That usually means lower prices.
Ok and little league and MLB are technically the same sport but 8 year old Billie Jr isn’t going to be throwing a no hitter at Fenway any time soon.
Technically being the same thing does not mean it will function the same way.
Perfect is the enemy of good in this case. I would much rather have a $100 UBI just to test out the system than have no UBI ever happen because people argue it has to X amount. It is however very important to tie it to inflation so it doesn’t get effectively nickeled and dimed into continual cuts like the minimum wage largely has in many areas.
Yeah, it’s kinda funny. The research papers tend to cite things like “wealth flight” and “housing price plummet” as economic concerns about UBI, yet whenever folks talk about it, we’re all afraid of landlords just raising rent.
I’m not sure on either of them, but watching everyone argue both extreme opposite possible outcomes for it is funny.