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singular_me
21st June 2017, 01:52 PM
I am telling you, money makes people do crazy things...
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You Think Hawaii is Expensive Now? Wait Until The Universal Basic Income

June 20, 2017

‘I spent three years in Hawaii. It’s obscenely expensive to live there. Real estate, food, electricity, health care, and travel costs are significantly higher in Hawaii than on the mainland. And incomes aren’t rising fast enough to match rising cost of living. As a result, many natives rely on government aid to survive. This week, Hawaii passed a new measure to study the universal basic income (UBI) as an attempt to address this problem.

But will it make costs even higher?

The bill, House Concurrent Resolution 89, declares that all families are entitled to basic financial security and empowers a number of government offices to evaluate universal basic income options.

Hawaii state representative Chris Lee wrote on Reddit that the measure will “analyze our state’s economy and find ways to ensure all families have basic financial security, including an evaluation of different forms of a full or partial universal basic income.”’

The Missouri Economic Research and Information Center (MERIC) ranks Hawaii the most expensive state (ahead of Washington D.C.). Analysis of their 2014 study determined that you need to make $122,000 a year to live in Hawaii.

Hawaii’s food stamp program SNAP bragged that they helped 98,440 families in 2014. That’s around a quarter of all households in Hawaii.

http://www.activistpost.com/wp-content/uploads/2017/06/hawaii-welfare-payouts.jpg

Read more
http://www.activistpost.com/2017/06/you-think-hawaii-is-expensive-now-wait-until-universal-basic-income.html

madfranks
21st June 2017, 02:20 PM
Universal basic income will simply increase unemployment, and make certain work sectors unemployable. If the universal basic income is $X, than any productive job worth less than $X will no longer be done, because why would people work for $X when they can do nothing and get it for free? This also affects jobs worth slightly more than $X, for example if your full time job pays you an annual wage of $X plus $2500, people will see that the only benefit of working a full time job all year is the $2500, and wonder if it wouldn't be better to quit, reduce their lifestyle by $2500 a year, and enjoy not having to work. Honestly the whole thing is a ridiculous notion and is only being "studied" by economic ignoramuses who are too stupid to see that the effects of such a law would cause more poverty, not less.