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Old 07-09-2020, 09:05 PM  
Hammock Parties Hammock Parties is online now
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Twitter billionaire Jack Dorsey funding universal basic income

This guy wants to set himself up as some kind of technocrat. He really creeps me the **** out.

If he EVER runs for political office, the warning signs are there.

https://www.businessinsider.com/twit...eriment-2020-7

Quote:
Billionaire Jack Dorsey, the cofounder of Twitter, is spending millions to experiment with universal basic income.

Dorsey's experiment is part of a larger initiative called Mayors for a Guaranteed Income. On Thursday, the group announced the program could impact as many as 7 million Americans across 14 different cities, including Los Angeles; Atlanta; Newark, New Jersey; and Jackson, Mississippi. The involved mayors say they plan to launch guaranteed income pilot programs in their cities at an unspecified future date and lobby federal lawyers to consider a national one, too.

The coalition behind the experiment says giving people a guaranteed income could lift people out of poverty and cushion the economic and career blows of the coronavirus crisis.

Dorsey, who has built up a net worth of $7.5 billion, will sink $3 million from his nonprofit into the program, according to the announcement. The UBI program comes shortly after Dorsey's widely publicized pledge to donate $1 billion to coronavirus relief efforts.

The group did not specify who will be eligible for payments and how much they will receive each month under their plan. In a statement, it said that it envisions the basic income as a flexible supplement to existing social programs. At least two cities ó Jackson, Mississippi; and Stockton, California ó represented in the mayors' coalition already have working guaranteed income pilot programs, while Chicago, Newark, and Atlanta have task forces exploring programs of their own, according to the group's website.

Proponents and past research claim that a guaranteed income could be the best way to level the wealth divide between the richest and poorest Americans, a chasm that has grown even wider during the coronavirus pandemic. Critics of basic incomes say the economic effects of such proposals haven't been thoroughly researched and could stop recipients from working, Business Insider previously reported.

Still, Dorsey isn't the only wealthy American experimenting with universal basic income. Entrepreneur and former presidential candidate Andrew Yang announced in May that he will give $500 to 20 New Yorkers every month for the next five years through his nonprofit in an effort to test the effects of the policy.

Yang made his universal basic income proposal ó a scheme, called the Freedom Dividend, that would pay every American adult $1,000 monthly ó a central part of his presidential campaign. Once considered an unlikely policy proposal championed only by Silicon Valley titans like Mark Zuckerberg and Elon Musk, guaranteed income has since gained traction with lawmakers on both sides of the aisle.

UBI proposals can be traced back as far as the 16th century, but have been floated throughout American history by a wide range of leaders including Thomas Payne and Martin Luther King, Jr. The one-time $1,200 stimulus checks Americans received earlier this year as a part of the CARES Act were essentially an interim universal basic income, Business Insider previously reported.
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Old 07-09-2020, 09:23 PM   #2
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**** that guy and anything he's involved in.

He bans conservatives all of the time for their wrong think. You know who twitter doesn't ban? pedophiles.
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Old 07-09-2020, 09:28 PM   #3
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The Technocrats are trying to seize power.

They must be stopped.
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Old 07-09-2020, 09:32 PM   #4
Jenson71 Jenson71 is offline
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Geez thatís horrible. Is there like a link that people sign up for this at so I can protest it directly? Do they just give him their bank and routing number?
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Old 07-09-2020, 09:34 PM   #5
El Lobo Gordo El Lobo Gordo is offline
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I am not totally opposed to a universal basic income. I am glad to see people experimenting with it. I'm not convinced it will make humanity better. People evolved to earn their nut. When their nut is given to them and they don't earn it, there might be a down side to that.
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Old 07-09-2020, 09:37 PM   #6
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I am not totally opposed to a universal basic income. I am glad to see people experimenting with it. I'm not convinced it will make humanity better. People evolved to earn their nut. When their nut is given to them and they don't earn it, there might be a down side to that.
well we are witness the first generation to receive participation trophies grow up into their early 20's now...
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Old 07-09-2020, 09:45 PM   #7
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Quote:
Originally Posted by Bump View Post
**** that guy and anything he's involved in.

He bans conservatives all of the time for their wrong think. You know who twitter doesn't ban? pedophiles.
Seriously, your guys obsession with pedophilia is creepy. You guys constantly go straight there. Itís always on your mind. Itís really really uncomfortable.
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Old 07-09-2020, 09:47 PM   #8
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Originally Posted by MGRS13 View Post
Seriously, your guys obsession with pedophilia is creepy. You guys constantly go straight there. Itís always on your mind. Itís really really uncomfortable.
You should watch yourself with this line of discussion.
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Old 07-09-2020, 09:48 PM   #9
Shiver Me Timbers Shiver Me Timbers is offline
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Quote:
Originally Posted by Jenson71 View Post
Geez thatís horrible. Is there like a link that people sign up for this at so I can protest it directly? Do they just give him their bank and routing number?
fides quaerens intellectum
you really should change that
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Old 07-09-2020, 09:51 PM   #10
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UBI is a terrible idea. The world is nowhere near ready for it.
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Old 07-09-2020, 09:53 PM   #11
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So it’s EBT but in cash?
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Old 07-09-2020, 09:54 PM   #12
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Originally Posted by Bump View Post
well we are witness the first generation to receive participation trophies grow up into their early 20's now...
I don't see a UBI working unless we do a couple of things.

1. eliminate minimum wage.
2. eliminate employee provided health insurance/pensions
3. eliminate job protections for employees.

Basically everyone gets paid a UBI that they get to keep in addition to whatever they earn. Everyone gets to sell their labor for what ever price the market will bare. Every employer can get rid of employees when ever they want without incurring a liability. Every employee can quit a job whenever they want(health insurance or the pension doesn't shackle them to the job).
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Old 07-09-2020, 09:58 PM   #13
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Old 07-09-2020, 10:01 PM   #14
Jenson71 Jenson71 is offline
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Quote:
Originally Posted by Shiver Me Timbers View Post
fides quaerens intellectum
you really should change that
For a nominal monthly charge I will give you naming rights.
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Old 07-09-2020, 10:04 PM   #15
Shiver Me Timbers Shiver Me Timbers is offline
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For a nominal monthly charge I will give you naming rights.
We are 180 different politically but I did laugh
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