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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsShould the government implement Yang's UBI to get us through the virus crisis?
Instead of cutting rates or taxes, just send every American $1000 or more for a brief period of time until the crisis is over.
Most jobs are dependent on consumer spending, and if consumers are quarantined in their homes, then they're not spending which means job losses which mean cascading debt defaults which mean bank failures which mean economic depression.
Just give everyone a stipend to get them through.
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Should the government implement Yang's UBI to get us through the virus crisis? (Original Post)
Yavin4
Mar 2020
OP
GemDigger
(4,305 posts)1. Not to everybody. Only if a person is losing wages in one form or another because of the virus.
Renew Deal
(81,852 posts)5. They could increase and extend unemployment
Like after the 2008 meltdown.
customerserviceguy
(25,183 posts)2. What if
there's nothing on the shelves to buy, because the supply chain is interrupted? Amazon Prime will go to guaranteed two week delivery at that point.
Bev54
(10,045 posts)3. That would make Trump and the rest of the
republicans heads explode! Love it!
Renew Deal
(81,852 posts)4. I wonder if that would cause mass layoffs/furloughs.
But some industries will need to be supported. Mostly the airlines.
Baked Potato
(7,733 posts)6. Should be $10,000.