Hacker News new | ask | show | jobs
by VLM 3745 days ago
"since the money is available?"

Sure about that? Some fraction of the population will buy a new iphone, some will experience the rare luxury of health insurance, some will repair the car they use to get to work or buy a better car to get to work, some will spend money on higher education, some can finally afford dental work, some will pay up whatever had garnished their wages (child support,taxes?), catch up on bills. Most of that money is not going to be available for basic food or rent.

The experience will vary greatly depending on the socioeconomic class and the size of the UBI. It'll also vary based on institutionalization status. College students will likely be expected to pay 100% of it toward tuition. Prisoners will likely either not get it or the state will keep it for restitution and court fees. On the other extreme the average slumlord likely will not see an additional penny.