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UBI and COVID-19

2020-03-18 21:03:22.386491+00 by Dan Lyke 0 comments

So there's been lots of talk of a universal basic income as a way to recover the economy from this disaster. Thousand or two thousand dollar a month checks. There's been the usual "shouldn't only poor people get it?" which brings up all sorts of administrative overhead issues, so the obvious answer is send it to everybody and make income taxes a little more progressive.

Anyway, in one Facebook group someone asked "What's the least useful thing you can do with a $1,000 stimulus check from the government?"

And I went for the knee-jerk "hookers and booze", but then I thought about how money circulates, and where that money would have the highest velocity and thus the best chance of doing some good for the economy.

From the standpoint of doing the most good, sex workers and my corner convenience store are probably about the absolute *best* place I could blow that money.

[ related topics: Politics Erotic Sexual Culture moron Currency Economics Government ]

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