Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yavin4

(35,432 posts)
Fri Mar 6, 2020, 10:58 PM Mar 2020

Should 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.

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Should the government implement Yang's UBI to get us through the virus crisis? (Original Post) Yavin4 Mar 2020 OP
Not to everybody. Only if a person is losing wages in one form or another because of the virus. GemDigger Mar 2020 #1
They could increase and extend unemployment Renew Deal Mar 2020 #5
What if customerserviceguy Mar 2020 #2
That would make Trump and the rest of the Bev54 Mar 2020 #3
I wonder if that would cause mass layoffs/furloughs. Renew Deal Mar 2020 #4
Should be $10,000. Baked Potato Mar 2020 #6

customerserviceguy

(25,183 posts)
2. What if
Fri Mar 6, 2020, 11:10 PM
Mar 2020

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.

Renew Deal

(81,852 posts)
4. I wonder if that would cause mass layoffs/furloughs.
Fri Mar 6, 2020, 11:14 PM
Mar 2020

But some industries will need to be supported. Mostly the airlines.

Latest Discussions»General Discussion»Should the government imp...